Certain Domestic Shares of Lushang Life Services Co., Ltd. are subject to a Lock-Up Agreement Ending on 8-JUL-2023.
July 08, 2023
Share
Certain Domestic Shares of Lushang Life Services Co., Ltd. are subject to a Lock-Up Agreement Ending on 8-JUL-2023. These Domestic Shares will be under lockup for 366 days starting from 7-JUL-2022 to 8-JUL-2023.
Details:
At any time in the period commencing on the date by reference to which disclosure of its shareholding in the Company is made in this prospectus and ending on the date which is six months from the Listing Date, dispose of, nor enter into any agreement to dispose of or otherwise create any options, rights, interests or encumbrances in respect of any Shares in which any of the Controlling Shareholders are shown in this prospectus to be the beneficial owners.
Each of our Controlling Shareholders has further undertaken to the Stock Exchange and to our Company respectively that, within the period commencing from the date by reference to which disclosure of its shareholdings in our Company is made in this prospectus and ending on the date which is 12 months from the Listing Date, it will immediately inform the Company and the Stock Exchange.
Lushang Life Service Co Ltd is a property management service provider in China. The Company mainly provides property management services, value-added services to non-property owners and community value-added services. Property management services mainly include cleaning, security, greening, repair and maintenance, public area maintenance and other property management related services. Value-added services to non-property owners mainly include design services, landscaping services, preliminary property management services, pre-delivery services and other customized services. Community value-added services mainly include parking space management services, community living services, utility management services, and community space and resource management services. The Company mainly operates its businesses in the domestic market.