Certain A Shares of Anhui Provincial Architectural Design and Research Institute Co.,Ltd. are subject to a Lock-Up Agreement Ending on 7-DEC-2023.
December 07, 2023
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Certain A Shares of Anhui Provincial Architectural Design and Research Institute Co.,Ltd. are subject to a Lock-Up Agreement Ending on 7-DEC-2023. These A Shares will be under lockup for 736 days starting from 1-DEC-2021 to 7-DEC-2023.
Details:
Controlling shareholder Anhui State-owned Capital Operation Holdings Group Co., Ltd. promises that within 36 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months.
Shareholders serving as Directors and Senior Managers Gao Song, Xu Zheng?an, Bi Gonghua, Zhu Zhaoqing, Yao Maoju, Wei Fahua promises that Within 12 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Shareholders serving as Supervisors Xu Zheng and Lu Yanlai promises that Within 12 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Other shareholders apart from controlling shareholder, directors, supervisors and senior managers promises that within 12 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.
Anhui Provincial Architectural Design and Research Institute Co Ltd is a China-based company mainly engaged in architectural design business. The Company's main businesses include conventional architectural design, emerging business design and consulting, engineering procurement construction (EPC) general contracting, construction drawing review and other businesses. The company mainly provides services for public buildings, residential buildings, landscape architecture, interior design and other fields.