Certain A Shares of Shandong Longertek Technology Co., LTD are subject to a Lock-Up Agreement Ending on 21-JUN-2024.
June 21, 2024
Share
Certain A Shares of Shandong Longertek Technology Co., LTD are subject to a Lock-Up Agreement Ending on 21-JUN-2024. These A Shares will be under lockup for 1828 days starting from 20-JUN-2019 to 21-JUN-2024.
Details:
Controlling shareholder Qingdao Langjin Group Co., Ltd., actual controllers Li Jingmao, Li Jingen, Ma Yun and their close relatives Li Jinghan and Ma Rong committed to not dispose off their holdings in the company for a period of 36 months from the date of listing of the new shares and post the expiration of the 36 months, their annual transfers will not exceed 25% of their shareholdings.
Zhejiang Economic Construction Investment Co., Ltd., Nanhai Growth Select (Tianjin) Equity Investment Fund Partnership, Laiwu Venture Capital Co., Ltd., senior manager of the company Wang Tao and chairman of the supervisory committee Du Baojun committed to not dispose off their holdings in the company for a period of 12 months from the date of listing of the new shares and post the expiration of the 12 months, their annual disposal of the shares will not exceed 25% of their holdings.
Other legal and natural person shareholders commit to not dispose off their holdings in the company for a period of 12 months from the date of listing of the new shares.
Shandong Longertek Technology Co., Ltd. is a China-based company principally engaged in the research and development, production and sales of air conditioning for rail transit vehicles and inverter controller products. The Company's main products include urban rail transit vehicle inverter air conditioners, inverter controllers, railway locomotive air conditioners and commercial inverter air conditioners. The Company's products are mainly used in the field of urban rail transit. In addition, The Company also provides maintenance and repair services. The Company distributes its products both in the domestic and to overseas markets.