Certain A Shares of Shenzhen Bestek Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 13-MAR-2023.
March 13, 2023
Share
Certain A Shares of Shenzhen Bestek Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 13-MAR-2023. These A Shares will be under lockup for 1096 days starting from 12-MAR-2020 to 13-MAR-2023.
Details:
The company's actual controllers Xiao Ping and Li Qingwen and shareholders Shenzhen Taiping Dingsheng Investment Co., Ltd. and Shenzhen Yilong Dake Investment Co., Ltd. committed to not transfer or entrust to a third party the company's 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.
The company's shareholders Shenzhen Innovation Caifu No. 1 Investment Partnership Enterprise (Limited Partnership) and Shenzhen Innovation Caifu No. 2 Investment Partnership Enterprise (Limited Partnership) committed to not transfer or entrust to a third party the company's 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 company's Director and Senior Management Li Haizhen committed to not transfer or entrust to a third party the company's 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.
Shenzhen Bestek Technology Co Ltd is a China-based company principally engaged in the research and development, production and sales of intelligent controllers and intelligent products. Its intelligent controller products mainly include motor controllers, lithium battery controllers, smart home controllers and automotive motor controllers. Its smart products mainly include smart lighting, smart security and floor care tools. The Company distributes its products both in the domestic matker and to overseas markets.