Certain A Shares of Ningxia Baofeng Energy Group Co., Ltd. are subject to a Lock-Up Agreement Ending on 9-MAY-2022.
May 09, 2022
Share
Certain A Shares of Ningxia Baofeng Energy Group Co., Ltd. are subject to a Lock-Up Agreement Ending on 9-MAY-2022. These A Shares will be under lockup for 1096 days starting from 9-MAY-2019 to 9-MAY-2022.
Details:
The companys controlling shareholder Ningxia Baofeng Group Co., Ltd, companys actual controller Dang Yanbao, significant shareholder East Step International Holdings Limited, shareholders Ningxia Juhuixin Equity Investment Partnership Enterprise, Ningxia Zhixin Heda Equity Investment Partnership Enterprise, individual shareholder Dang Yanfeng, shareholders and members of the management Liu Yuanguan, Gao Jianjun, Lu Jun, Yong Wu, Zhou Fengling, Chen Zhaoyuan, Wang Min, Ji Yongfeng, Xia Yun, Liu Huaibao and He Xu commit to not transfer their holdings in the company for a period of 36 months from the date of listing of the new shares.
The Companys shareholders Yinchuan Borun Tiancheng Equity Investment Partnership Enterprise (Limited Partnership), Ningxia Shengda Runfeng Equity Investment Partnership Enterprise (Limited Partnership), Ningxia Yida Longsheng Equity Investment Partnership Enterprise (Limited Partnership), Ningxia Yinhai Jiahui Equity Investment Partnership Enterprise (Limited Partnership), Xinyu Baolu Investment Management Center (Limited Partnership), Ningxia Yinan Xintong Equity Investment Partnership Enterprise (Limited Partnership), Ningxia Shijian Venture Capital Partnership Enterprise (Limited Partnership), Ningxia Boju Guanghui Equity Investment Partnership Enterprise (Limited Partnership), Ningxia Zhidehui Equity Investment Partnership Enterprise (Limited Partnership), Ningxia Ruide Hengtong Equity Investment Partnership Enterprise (Limited Partnership), Ningxia Zhihehui Equity Investment Partnership Enterprise (Limited Partnership) and the company's individual shareholders Fan Shirong, Zhang Changli committed to not transfer or entrust to a third party the Companys shares held directly or indirectly before the public offering, or allow the company to repurchase these shares within 12 months from the Companys share listing date.
Ningxia Baofeng Energy Group Co Ltd is a China-based company mainly engaged in the production and sales of modern coal chemical products. The Company's main products include olefin products, coking products and fine chemical products. Olefin products mainly include polyethylene, polypropylene and olefin by-products. Coking products mainly include coke and coal coking by-products. Fine chemical products mainly include pure benzene, modified asphalt, industrial naphthalene, eucalyptus oil and MTBE. The Company mainly conducts its businesses in domestic market.