Certain A Shares of Shanghai Zhongzhou Special Alloy Materials Co., Ltd. are subject to a Lock-Up Agreement Ending on 9-APR-2022.
April 09, 2022
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Certain A Shares of Shanghai Zhongzhou Special Alloy Materials Co., Ltd. are subject to a Lock-Up Agreement Ending on 9-APR-2022. These A Shares will be under lockup for 375 days starting from 30-MAR-2021 to 9-APR-2022.
Details:
The Companys holding shareholder and actual controller Feng Mingming and shareholder Shanghai Dunjia Investment Management Co., Ltd. committed: to not transfer or entrust to a third party the Companys shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months. After the lock-up has expired, while holding office holding office, Feng Mingming committed to not transfer more than 25% of shares held each year.
The Companys shareholder Beijing Ruijin Dongfang Information Consulting Partnership Enterprise (Limited Partnership) committed: to not transfer or entrust to a third party the Companys shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date.
The Companys shareholder Jiang Wei, directors Han Ming, Xu Liang, Yin Haibing, and indirect shareholders, supervisors Li Meng and Zhang Qingdong and senior management Jiang Jun, Zhu Hongzhi, Pan Qian, and Lv Yong, committed: to not transfer or entrust to a third party the Companys shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months. After the lock-up has expired, while holding office, Han Ming, Xu Liang, Yin Haibing, Li Meng, Zhang Qingdong, Jiang Jun, Zhu Hongzhi, Pan Qian, and Lv Yong committed to not transfer more than 25% of shares held each year.
The Companys shareholder Tianjin Haitong Innovation Equity Investment Partnership Enterprise (Limited Partnership) committed: to not transfer or entrust to a third party the Companys shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date.
Shanghai Zhongzhou Special Alloy Materials Co Ltd is a China-based company mainly engaged in the research and development of high-temperature alloy materials and new materials. The Company's main products are cast high-temperature corrosion-resistant alloys, deformed high-temperature corrosion-resistant alloys, and special alloy welding materials with cobalt-based alloys and nickel-based alloys as the main raw materials. The Company's products serve many countries and regions around the world, and its products are widely used in nuclear power, military industry, shipbuilding, petrochemicals, automobiles, new energy, environmental protection, new medical materials, seawater desalination, general machinery and other high-end manufacturing equipment and core components manufacturing field.