Certain A Shares of Grace Fabric Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 19-JUL-2020.
July 19, 2020
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Certain A Shares of Grace Fabric Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 19-JUL-2020. These A Shares will be under lockup for 374 days starting from 11-JUL-2019 to 19-JUL-2020.
Details:
The company’s controlling shareholder Asia Wealth International Limited, actual controller Wang Wenxiang and his daughter Grace Tsu Han Wong, company’s shareholders Sharp Tone International Limited, Unicorn Ace Limited, Integrity Link Limited and Fusecrest Limited, committed: to not transfer or entrust to a third party the company’s shares they hold directly or indirectly before the public offering, or allow the company to repurchase these shares within 36 months from the company’s share listing date.
The company’s shareholders Shanghai Jiayin Investment Management Partnership Enterprise (Limited Partnership), Shanghai Chenghua Investment Management Partnership Enterprise (Limited Partnership), Shanghai Xiongyu Investment Management Partnership Enterprise, Shanghai Lizhang Investment Management Partnership Enterprise , Shanghai Taixuan Investment Management Partnership Enterprise, company’s shareholders serving as directors, supervisors, senior management Mao Jiaming, Li Jincheng, Wu Xuemin, Zhang Shaoxiong, Lin Caibo, Cai Ruizhen, Chen Xiuhua, Xu Fangyi, Liao Mingxiong committed: to not transfer or entrust to a third party the Company’s shares they hold directly or indirectly before the public offering, or allow the Company to repurchase these shares within 12 months from the company’s share listing date.
GRACE FABRIC TECHNOLOGY CO., LTD is a China-based company principally engaged in the research and development, production and sales of medium and high-end electronic grade fiberglass cloth. The Company's main products are medium and high-end electronic grade glass fiber cloth products, mainly including extremely thin electronic grade glass fiber cloth, super thin electronic grade glass fiber cloth and thin electronic grade glass fiber cloth. The Company's products are widely used in high-end smart phones, tablets and notebooks, servers, automotive electronics and other high-tech electronics. The Company mainly distributes its products in the domestic market.