Certain A Shares of Lubair Aviation Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 24-JUN-2023.
June 24, 2023
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Certain A Shares of Lubair Aviation Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 24-JUN-2023. These A Shares will be under lockup for 368 days starting from 21-JUN-2022 to 24-JUN-2023.
Details:
The companyâs holding shareholder, within 36 months after the listing date, will 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 companyâs share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the companyâs share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months.
After the expiration of the lockup period, during the term of office in the company as director, supervisor, management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Shareholders holding more than 5% stake in the company within 12 months after the listing date, will 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. Directors, management personnel holding shares in the company within 12 months after the listing date, will 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 companyâs share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the companyâs share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months.
After the expiration of the lockup period, during the term of office in the company as director, supervisor, management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Supervisors holding shares in the company within 12 months after the listing date, will 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.
After the expiration of the lockup period, during the term of office in the company as director, supervisor, management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Lubair Aviation Technology Co Ltd is a China-based company primarily engaged in the distribution of service-oriented aviation materials. The Company is mainly engaged in the provision of product solutions and supply chain management services to customers. The Company's main products include civil aviation fuel, aviation raw materials and other consumables, aviation chemicals and ground support equipment. The Company primarily provides products and services to airlines, aircraft maintenance companies, aircraft manufacturers and original equipment manufacturers (OEMs). The Company mainly conducts its businesses in domestic and Asia Pacific markets.