Certain A Shares of Matrix Design Co., Ltd. are subject to a Lock-Up Agreement Ending on 23-NOV-2023.
November 23, 2023
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Certain A Shares of Matrix Design Co., Ltd. are subject to a Lock-Up Agreement Ending on 23-NOV-2023. These A Shares will be under lockup for 374 days starting from 14-NOV-2022 to 23-NOV-2023.
Details:
The company?s holding shareholder, actual controller Wang Guan promised 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 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 6 months.
The company?s other individual shareholders Liu Jianhui, Wang Zhaobao, Liu Fang promised 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.
The company?s shareholders Shenzhen Tianji Yuheng Investment Partnership Enterprise (Limited Partnership), Shenzhen Jishan Youhe Investment Partnership Enterprise (Limited Partnership), Shenzhen Mikaisi Investment Partnership Enterprise (Limited Partnership), Shenzhen Hezong Lianheng Design Consulting Partnership Enterprise (Limited Partnership) promised 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.
The company?s directors, supervisors, management personnel promised 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. During the term of office in the company, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Matrix Design Co Ltd is a China-based company mainly engaged in space design and soft furnishings. The Company's space design business and soft furnishing business mainly focus on real estate sales offices and model rooms in the residential field, and extend to office, hotel, education, health care, cultural venues and other fields. The Company mainly operates its businesses in the domestic market.