Certain A Shares of Changchun Zhiyuan New Energy Equipment Co., Ltd are subject to a Lock-Up Agreement Ending on 29-APR-2024.
April 29, 2024
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Certain A Shares of Changchun Zhiyuan New Energy Equipment Co., Ltd are subject to a Lock-Up Agreement Ending on 29-APR-2024. These A Shares will be under lockup for 1102 days starting from 23-APR-2021 to 29-APR-2024.
Details:
The Company?s holding shareholder Changchun Huifeng Automotive Gear Co., Ltd., person acting in concert Changchun Zhongzhi Huiyuan Investment Partnership Enterprise (Limited Partnership), and actual controllers Zhang Yuan, Wang Ran, and Zhang Yichi 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 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 directors Zhang Yuan, Zhang Yi Chi, Zhang Jingwei, and Zhou Bo and senior management Chen Shuisheng 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 shareholder Wu Weigang 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.
Changchun Zhiyuan New Energy Equipment Co Ltd is a China-based company principally engaged in the research and development, production and sales of vehicle-mounted Liquefied Natural Gas (LNG) gas supply systems. The Company mainly provides LNG gas supply systems for domestic heavy-duty trucks and construction vehicles and other commercial vehicles. The Company's main products include vehicle-mounted LNG gas supply systems and vehicle air reservoirs. Among them, the vehicle-mounted LNG gas supply systems include single-cylinder back-mounted LNG gas supply system, double-cylinder back-mounted LNG gas supply system, integrated side-mounted LNG gas supply system, and split side-mounted LNG gas supply system. Vehicle air reservoirs include single-cavity air reservoirs and double-cavity air reservoirs. The Company mainly distributes its products in the domestic market.