Certain A Shares of Jiangsu Jingyuan Environmental Protection Co., Ltd. are subject to a Lock-Up Agreement Ending on 9-APR-2023.
April 09, 2023
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Certain A Shares of Jiangsu Jingyuan Environmental Protection Co., Ltd. are subject to a Lock-Up Agreement Ending on 9-APR-2023. These A Shares will be under lockup for 1104 days starting from 31-MAR-2020 to 9-APR-2023.
Details:
Li Wulin, as the issuer's actual controller, issuer's director, senior manager and core technical staff committed not to transfer or entrust to a third party the company's shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 36 months since the company's share 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. 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. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect. If any of the parties were to resign within 6 months from the present IPO, neither direct nor indirect holdings might be transferred or sold for 18 months since the date of rescinding. If the parties resign within 7 to 12 months after the IPO, neither direct nor indirect holdings might be transferred or sold for 12 months since the date of rescinding.
The actual controller of the issuer, He Li committed not to transfer or entrust to a third party the company's shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 36 months since the company's share 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 shareholders, Ji Xianhua, Guangdong Huadi Minsheng Equity Investment Enterprise (Limited Partnership) and Huamei International Investment Group Co., Ltd, Su Haijuan, Zeng Zhenguo, Yao Zhiquan and other shareholders committed not to transfer or entrust to a third party the company's shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 12 months since the company's share 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.
Jiangsu Jingyuan Environmental Protection Co Ltd is a China-based company mainly engaged in professional water treatment equipment business. The Company focuses on the field of industrial water treatment, relying on self-developed core technologies such as industrial wastewater electronic flocculation treatment technology, high-difficult wastewater zero-discharge technology and high-difficult wastewater electrocatalytic oxidation technology, mainly providing large-scale enterprise customers with the development, design and consulting, integration and sales, and engineering contracting business. The Company mainly operates its business in the domestic market.