2,796,666 A Shares of Jiangsu Maixinlin Aviation Science and Technology Corp. are subject to a Lock-Up Agreement Ending on 13-MAY-2022.
May 13, 2022
Share
2,796,666 A Shares of Jiangsu Maixinlin Aviation Science and Technology Corp. are subject to a Lock-Up Agreement Ending on 13-MAY-2022. These A Shares will be under lockup for 365 days starting from 13-MAY-2021 to 13-MAY-2022.
Details:
The companys holding shareholder, actual controller, director, management personnel, core technical personnel Zhang Youzhi, Shareholders Suzhou Hangmai Investment Center (Limited Partnership)?Suzhou Hangfei Investment Center (Limited Partnership) promised within 36 months after the listing date, they will not transfer nor entrust to others for management direct shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the companys share is lower than the issue price for 20 consecutive trading days within 6 months after listing, then the lockup period will automatically be extended for at least 6 months.
The companys director, management personnel, core technical personnel Ju Hao, the companys director, management personnel Zhang Jianming, Xue Hui, the companys director Zhao Genglong promised Within 12 months after the listing date, will not transfer nor entrust to others for management 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 companys share is lower than the issue price for 20 consecutive trading days within 6 months after listing, then the lockup period will automatically be extended for at least 6 months.
The companys supervisors Shen Jie, Zhao Hui, companys core technical personnel Jiao Rensheng, companys shareholders Yili Suxin Investment Fund Partnership Enterprise (Limited Partnership), Suzhou New Silk Road Zhongan Venture Capital Partnership Enterprise (Limited Partnership), Suzhou Kangqian Zhida Investment Partnership Enterprise (Limited Partnership), SME Development Fund (Jiangsu Limited Partnership), Shenzhen Qianhai Pengchen Chuangzhi Investment Management Enterprise (Limited Partnership), Wuxi Zhixin Chuangqi Investment Enterprise (Limited Partnership), Suzhou Wuzhong Economic and Technological Development Zone Venture Capital Guide Fund Co., Ltd., Suzhou Jiarui Wanshan Venture Capital Partnership Enterprise (Limited Partnership), Nanjing Daofeng Investment Management Center (General Partnership) promised within 12 months after the listing date, will not transfer nor entrust to others for management direct shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.
Other restrictions on the sale of the listed shares: (1) The restriction period of 1,398,333 shares held by Haitong Innovation Securities Investment Co., Ltd. is 24 months, and employees of Fucheng Haifutong Maixinlin participate in the strategic placement assembly on the Sci-tech Innovation Board The 2,796,666 shares held by the asset management plan have a 12-month trading restriction period. (2) In the offline issuance part, among allotment objects such as public offering products, social security funds, pension funds, corporate annuity funds, insurance funds, and qualified foreign institutional investor funds, 10% of the final allotment accounts promise to receive the stock limit for this allotment The sale period is 6 months from the date of the issuers initial public offering and listing. According to the results of lottery, there are 3,902 accounts participating in offline allotment lottery, and the number of accounts corresponding to 10% of the final allotment accounts (rounded up) is 391. All the accounts that have won the lottery receive a 6-month restriction on the stocks for this placement. The number of shares corresponding to this part of the account is 1,021,290 shares, accounting for 7.16% of the total offline issuance and 4.30% of the total public offering after deducting the number of strategic allotments.
Jiangsu Maixinlin Aviation Science and Technology Corp is a China-based company mainly engaged in research, development, production and sales of aerospace core components. The Company operates two business segments. The Aerospace and Equipment Product segment provides core products such as overall structural parts and equipment, high-precision housings, piping system connectors, special standard parts and components. The Civil Multi-Industry Precision Parts segment provides precision components and electronic control products. The Company's products include aircraft fuselages, wings, tails, engines, landing gear, electromechanical systems and avionics systems. Its products are used in the fields of weapons, ships, electronics, automobiles and communications, among others.