Certain A Shares of Beijing Waluer Information Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 25-OCT-2023.
October 25, 2023
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Certain A Shares of Beijing Waluer Information Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 25-OCT-2023. These A Shares will be under lockup for 377 days starting from 13-OCT-2022 to 25-OCT-2023.
Details:
The Company?s holding shareholders and actual controllers Li Zheng and Chen Kun and shareholder Xinyu Yong?ao Investment Management Center (Limited Partnership) committed not to 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 Liu Zhiyong and Guo Qing committed not to 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 shareholders Gongqingcheng Huxing Qianqiannian Investment Partnership Enterprise (Limited Partnership), Ningbo Bochuang Shicheng Investment Center (Limited Partnership), Ningbo Meishan Bonded Port Area Bochuang Tongde Investment Center (Limited Partnership), Ningbo Renhe Anrun Investment Partnership Enterprise (Limited Partnership), Liu Xiangzhi, Zhi Junli, Zhang Fengkang, Zhang Luming, Wang Xiaohui committed not to 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 Waluer Information Technology Co Ltd is a China-based company mainly providing mobile Internet application technology and information services. The Company's main businesses include value-added telecommunications services, mobile information services and mobile marketing services. The value-added telecommunication services mainly include technical support, operational services and marketing promotion for telecom operators to carry out value-added telecommunication services. The mobile informatization services mainly include providing mobile informatization solutions and operation services for enterprise customers in various industries. The mobile marketing services mainly include cooperating with media platforms, telecom operators and corporate customers and providing services such as media agency, traffic introduction, and rights exchange.