Certain A Shares of Zhuzhou CRRC Times Electric Co., Ltd. are subject to a Lock-Up Agreement Ending on 7-SEP-2022.
September 06, 2022
Share
Certain A Shares of Zhuzhou CRRC Times Electric Co., Ltd. are subject to a Lock-Up Agreement Ending on 7-SEP-2022. These A Shares will be under lockup for 378 days starting from 25-AUG-2021 to 7-SEP-2022.
Details:
The shareholders have agreed that within 36 months from the date when CRRC Times Electric issued and listed A shares, they will not transfer or entrust others to manage the companyÃs direct or indirect holding of CRRC Times Domestic shares held (this issuance of A shares and conversion to A shares after listing, excluding the A shares newly purchased by the company from the open market after CRRC Times ElectricÃs issuance and listing of A shares, the following (Referred to as "the aforementioned shares"), nor does it propose that CRRC Times Electric repurchase the aforementioned shares.
The company's domestic shareholder, Railway Construction Equipment, promises to lock up the shares of CRRC Times Electric agreed Within 12 months from the date when CRRC Times Electric issued and listed A shares, it will not transfer or entrust others to manage the companyÃs direct or indirect holding of CRRC Times Domestic shares held (this issuance of A shares and conversion to A shares after listing, excluding the A shares newly purchased by the company from the open market after CRRC Times ElectricÃs issuance and listing of A shares, the following (Referred to as "the aforementioned shares"), nor does it propose that CRRC Times Electric repurchase the aforementioned shares.
Zhuzhou CRRC Times Electric Co Ltd is a China-based company mainly engaged in the research and development (R&D), design, manufacturing and sales of rail transit equipment products. The Company is also engaged in R&D, design, manufacturing and sales of emerging equipment. The rail transit equipment business mainly includes rail transit electrical equipment, such as traction converter system, information and intelligent system products, power supply system and test equipment, and rail engineering machinery and communication signal system. The emerging equipment business includes power semiconductor devices, industrial converter products, electric drive systems of new energy vehicles, sensor devices and marine engineering equipment. The Company operates in the domestic market and overseas markets.