Certain A Shares of Shanxi Huaxiang Group Co., Ltd. are subject to a Lock-Up Agreement Ending on 18-SEP-2023.
September 18, 2023
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Certain A Shares of Shanxi Huaxiang Group Co., Ltd. are subject to a Lock-Up Agreement Ending on 18-SEP-2023. These A Shares will be under lockup for 1110 days starting from 3-SEP-2020 to 18-SEP-2023.
Details:
The company?s actual controller Wang Chunxiang, Wang Yuan, Wang Jing and holding stockholder Shanxi Linfen Huaxiang Industries Co., Ltd committed not to transfer or entrust to a third party the company?s shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 36 months after the company?s share listing date.
Those serving as directors, supervisors, senior management personnel who are direct or indirect shareholders, namely, Lu Haixing, Zhang Min, Zhang Jie, Ma Yiguang, Xie Li, Cheng Yi, Guo Yongzhi, Zhang Yufei; other company shareholders, namely, Shanxi Communications Development and Investment Group Co., Ltd, Guangzhou Wanbao Changrui Investment Co., Ltd., Linfen Zhuoxiang Capital Management Center (Limited Partnership), Linfen Huayue Capital Management Center (Limited Partnership), Shenzhen Gaoshengyuan Investment Enterprise (Limited Partnership), Khorgos Shengshi Qinyue Equity Investment Partnership Enterprise (Limited Partnership), Ningxia Shengshi Borun Investment Partnership Enterprise (Limited Partnership) and Ningbo Meishan Free Trade Port Area Shengshi Tianze Investment Partnership Enterprise (Limited Partnership), Deng Chunchen, Sun Wenli, Yin Jie, Ren Rui, Yu Gaofeng committed not to transfer or entrust to a third party the company?s shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 12 months after the company?s share listing date.
Shanxi Huaxiang Group Co Ltd is a China-based company mainly engaged in the research and development, manufacture and sales of various customized metal parts. The Companyâs products mainly include compressor components, such as crankshafts, cylinders, pistons and flanges; construction machinery components, such as counterweights, axles and axle housings, as well as system components for automotive brake system equipment, steering system equipment and clutches, such as housings, brackets, bearing caps, pressure plates and connecting rods. The Company also provides pump and valve pipes and other products. The Company's products are mainly applied in white household appliances, construction machinery and automobile manufacturing fields. The Company distributes its products in domestic market and to overseas markets.