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 companyÆs 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 ElectricÆs 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 companyÆs 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 ElectricÆs 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.