Certain A Shares of Capitalonline Data Service Co., Ltd. are subject to a Lock-Up Agreement Ending on 1-JUL-2024.
July 01, 2024
Share
Certain A Shares of Capitalonline Data Service Co., Ltd. are subject to a Lock-Up Agreement Ending on 1-JUL-2024. These A Shares will be under lockup for 1470 days starting from 22-JUN-2020 to 1-JUL-2024.
Details:
The Company's controlling shareholders and actual controllers, Qu Ning, commits that within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months. 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.
Zhao Yongzhi, a shareholder holding 5% or more of total issued share capital, Yang Liping and Sun Xiaoyan, directors and managing personnel of the Company, Sun Jie, Zhou Dongbo, Liu Feng, Minqing Hezhong Investment Management Center (Limited Partnership), Beijing Cornerstone Venture Capital Fund (Limited Partnership), Bi Mingwu and other shareholders committed that within 12 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months. 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.
Capitalonline Data Service Co Ltd is a China-based company mainly engaged in the provision of global cloud network integration solutions. The Company mainly operates three segments. The Internet Data Center (IDC) Service segment provides customers with leased space and bandwidth, equipment installation and maintenance. It also provides transmission lines. The Cloud Service segment provides cloud hosting services. The Other Services segments mainly provide value-added services, equipment sales and agency advertising services. The Company mainly serves customers in industrials such as games, e-commerce, video, education, big data and others.