Certain A Shares of Hualan Group Co., Ltd. are subject to a Lock-Up Agreement Ending on 15-JUL-2022.
July 15, 2022
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Certain A Shares of Hualan Group Co., Ltd. are subject to a Lock-Up Agreement Ending on 15-JUL-2022. These A Shares will be under lockup for 373 days starting from 7-JUL-2021 to 15-JUL-2022.
Details:
Actual controllers who are also directors and senior management personnel in the company, Lei Xiang; Zhao Cheng; Zhong Yi; He Xin; Mo Hailiang; Li Jiacheng committed that within 36 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company's share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company's share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months. During the term of office as the company's director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
The company's other actual controllers, Wu Guangyi; Qin Hongbing; Fei Weidong; ShanMei; Deng Yong Jie committed that within 36 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company's share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company's share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months.
Shareholders who are members of supervisory board, Xu Bing; Tang Ge; Wang Zhen committed that within 12 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company's share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company's share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months. During the term of office as the company's director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Hualan Group Co Ltd is a China-based company principally engaged in the engineering design, land and space planning, engineering general contracting management and engineering consulting services. Engineering design service includes architectural engineering design, municipal engineering design, landscape engineering design and industrial engineering design, among others. Land and space planning business includes regional planning/overall planning, detailed planning/urban design, special planning, tourism planning, village planning and others. Engineering consulting business includes preparation of project market research reports, project application reports and project energy-saving evaluation reports, among others. Engineering general contracting management business includes project organization management, project planning, survey and design management, project management, and project performance evaluation. The Company conducts its businesses in the domestic and overseas markets.