Certain A Shares of Kidswant Children Products Co.,Ltd. are subject to a Lock-Up Agreement Ending on 15-OCT-2022.
October 15, 2022
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Certain A Shares of Kidswant Children Products Co.,Ltd. are subject to a Lock-Up Agreement Ending on 15-OCT-2022. These A Shares will be under lockup for 380 days starting from 30-SEP-2021 to 15-OCT-2022.
Details:
Wang Jianguo, actual controller, chairman of the board of directors, Xu Weihong; Wu Tao; Shen Hui; He Hui members of board of directors, senior management personnel with shareholding promised 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.
Jiangsu Bosida Enterprise Information Consulting Co., Ltd, persons acting in concert Nanjing Qianmiaonuo Enterprise Management Center (Limited Partnership), Nanjing Ziquan Investment Partnership (Limited Partnership) holding shareholder promised 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.
Jin Wenwen and Liu Lizhu of Members of supervisory board with shareholding promised that 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.
Kidswant Children Products Co Ltd is a China-based company engaged in mother, baby and child commodity retail and value-added services. The Company is also engaged in childcare services and supplier services such as children's playgrounds. The Company's main products include food such as milk powder, snacks, supplementary food and nutritional health care, and clothing items such as underwear, home textiles and outerwear, children's shoes, and consumables such as diapers and toiletries, and durable goods such as toys, cultural and educational intelligence and lathe chairs, as well as many other categories. The Company's sales channels include offline outlets and online channels, such as online mobile application (APP), WeChat official account, small program, micro shopping mall, etc.