Certain A Shares of Beijing Jiaoda Signal Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 17-JUL-2021.
July 17, 2021
Share
Certain A Shares of Beijing Jiaoda Signal Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 17-JUL-2021. These A Shares will be under lockup for 374 days starting from 8-JUL-2020 to 17-JUL-2021.
Details:
The Company’s holding shareholders and actual controllers Qiu Kuan Min, Xu Xun, Zhao Sheng Kai, Zhang Min, Zhao Hui Bing, and Li Wei 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. 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 directors, supervisors, and senior management who are shareholders Qiu Kuanmin, Xu Xun, Zhao Shengkai, Zhang Min, Zhao Huibing, Li Wei, Zhao Ming, Wang Yonghe, Ren Xinguo, Kou Yongli, Tong Xin, Xu Hongmei, and Meng Dongmei 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. 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 other shareholders 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.
Beijing Jiaoda Singal Technology Co Ltd is a China-based company mainly engaged in the research and development, design, production and sales of key equipment for rail transit train operation control systems. The Company focuses on the research and development of key equipment for train control systems such as transponder systems, locomotive signal on-board equipment and track circuit readers (TCR). The Company's main products include transponder systems, locomotive signal central processing unit (CPU) components, track circuit readers (TCR) and train operation monitoring devices. The Company's products are mainly used in urban rail, conventional rail, high-speed rail and other fields. The Company mainly conducts business in the domestic market.