Certain A Shares of Changzhou Architectural Research Institute Group Co.,Ltd are subject to a Lock-Up Agreement Ending on 31-AUG-2023.
August 31, 2023
Share
Certain A Shares of Changzhou Architectural Research Institute Group Co.,Ltd are subject to a Lock-Up Agreement Ending on 31-AUG-2023. These A Shares will be under lockup for 374 days starting from 22-AUG-2022 to 31-AUG-2023.
Details:
The company?s controlling shareholder and actual controller Yang Jiangjin committed 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), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.
Shareholders of the partnership enterprise controlled by the actual controller, Suzhou Benniu Equity Investment Center (Limited Partnership) and Suzhou Shizhuang Equity Investment Center (Limited Partnership) committed 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.
Yu Ronghan and his immediate family members, Yu Fang, shareholding intentions and reduction committed 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.
New company Shareholders who joined within one year promised within 12 months since the date of listing of the present shares or within 36 months from the company shares they got before this IPO, (Whichever is later shall prevail), there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company.
Directors and senior executives of the company Zhou Jianfeng, Liu Xiaoling, Wu Haijun and Huang Haikun promised 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), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.
Company supervisors Zhang Jingyan, Wu Nanwei and Xu Handong promised 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. After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.
Other company shareholders promised 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.
Changzhou Architectural Research Institute Group Co Ltd, formerly Changzhou Architectural Research Institute Co Ltd, is a China-based company principally engaged in the engineering inspection and testing business. The Company focuses on the fields of construction engineering and environmental protection, and with inspection and testing as its core business, it also offers special engineering professional services and new engineering materials. Inspection and testing business includes engineering quality inspection, professional non-destructive testing, transportation engineering inspection and environmental inspection. Special engineering professional services include special construction, foundation and foundation engineering, and building maintenance. New engineering materials include concrete admixtures, building energy-saving thermal insulation systems, and dry mortar, among others.