Certain A Shares of Kunshan TopA Intelligent Equipment Co.,Ltd are subject to a Lock-Up Agreement Ending on 29-MAY-2023.
May 29, 2023
Share
Certain A Shares of Kunshan TopA Intelligent Equipment Co.,Ltd are subject to a Lock-Up Agreement Ending on 29-MAY-2023. These A Shares will be under lockup for 1105 days starting from 19-MAY-2020 to 29-MAY-2023.
Details:
The company's holding shareholder, actual controller Xiao Chaofeng promised within 36 months after the listing date, will not transfer nor entrust to others for management shares in the company, 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 will automatically be extended for at least 6 months.
Shareholders acting as directors Zhu Lihua, Zhuang Huafeng promised within 12 months after the listing date, will not transfer nor entrust to others for management shares in the company, 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 will automatically be extended for at least 6 months.
Shareholders Shenzhen Dachen Chuangfeng Equity Investment Enterprise (Limited Partnership), Shi Fenghua, Kunshan Bai'ao Xingzhi Investment Management Partnership Enterprise (Limited Partnership), Pingtan Yingke Shenglong Venture Capital Partnership Enterprise (Limited Partnership), Pingtan Yingke Shengtong Venture Capital Partnership Enterprise (Limited Partnership), Pingtan Yingke Shengda Venture Capital Partnership Enterprise (Limited Partnership) and the company's other shareholders promised within 12 months after the listing date, will not transfer nor entrust to others for management shares in the company, nor allow the company to repurchase the said shares.
Kunshan TopA Intelligent Equipment Co Ltd is a company engaged in the research, development, production and sales of intelligent equipment and its components. The Company provides the intelligent equipment and component products for customers to manufacture precision components in electronic products and automotive industries. The intelligent equipment product lines consist of production lines and stand-alone machines and are applied in product assembly and testing for single or multiple production processes. The production lines include mobile phone precision component intelligent assembly production lines, tablet computer precision component intelligent assembly production lines and automotive sunroof assembly production lines. The Companyâs component products include cabinet modules, conveyor modules, material supply modules and so on.
KUNSHAN TOPA INTELLIGENT EQUIPMENT CO.,LTD 
