Certain A Shares of Jiangsu Eazytec Co., Ltd. are subject to a Lock-Up Agreement Ending on 9-DEC-2025. These A Shares will be under lockup for 2199 days starting from 2-DEC-2019 to 9-DEC-2025.
Details:
The company?s actual controllers Xie Gan and Wang Ye committed that to not transfer or entrust to a third party the company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.
The Company?s shareholders Yixing Zhongheng Business Management Co., Ltd. and Yixing Zhongyi Business Management Co., Ltd., directors, supervisors, and senior management Wang Juan, Jiang Sheng, Chu Ren Fei, Zhang Ling, Wang Ji, Jin Guang Hui, and Huang Jili, and core technical staff Tang Jian, Chen Dao, Lin Wangtao, and Shen Yunfang committed that to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect; if the shares issued directly and indirectly by the party are reduced within two years after the lock-up period expires, the price shall not lower than the issue price.
The Company?s shareholders China Soft Investment Group, Huaruan Venture Capital Yixing Partnership (Limited Partnership), Wuxi Ruimingbo Venture Capital Co., Ltd., Shanghai Jingda Co., Intel Products (Chengdu) Co., Ltd., Foshan Yashang Yueke Internet Investment Center (Limited Partnership), Liu Dan, Zhang Yuming, Chu Kaiqiang, and Zhou Fangping committed: to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect.
Jiangsu Eazytec Co Ltd is a China-based company mainly engaged in the provision of core firmware for cloud computing equipment and cloud services. Core firmware for cloud computing equipment includes firmware for basic input output system (BIOS) and firmware for baseboard management controller (BMC), serving customers such as Intel, Lenovo, and Huawei, among others. Cloud services consist of government & enterprise cloud services and Internet of Things (IoT) cloud services. Government & enterprise cloud services include custom software development & sales, as well as leasing and operation of computing resources. IoT cloud services are focused on the industries of security and environment protection, including integrated software & hardware solution, custom software development & sales, as well as leasing and operation of computing resources. The Company mainly operates its business within the domestic market.
