Certain A Shares of ShenZhen GAD Environmental Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 16-SEP-2022.
September 16, 2022
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Certain A Shares of ShenZhen GAD Environmental Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 16-SEP-2022. These A Shares will be under lockup for 371 days starting from 10-SEP-2021 to 16-SEP-2022.
Details:
The company's controlling shareholder and actual controller Ge Fang and Kong Xiongjun, Company shareholders Kong Lijun and Zhonglan Futong promised within thirty-six months from the date of listing of the issuer's shares, the company shall not transfer or entrust others to manage the company's directly or indirectly held shares issued before the issuer's initial public offering, nor shall the issuer repurchase part of the shares.
Company shareholder Liu Qingsong, Shenzhen Innovation Investment Group Co., Ltd., Beijing Qingshan Zhengshi Investment Management Center (Limited Partnership), SME Development Fund (Shenzhen Limited Partnership), Shenzhen Luohu Hongtu Venture Capital Co., Ltd., Shenzhen Dingqing Venture Capital Partnership Enterprise (Limited Partnership), Guangzhou Chuangyu Mingchen Equity Investment Fund Enterprise (Limited Partnership), Shenzhen Hongtu Chuangke Venture Capital Partnership (Limited Partnership), Zhuhai Chuangyu Mingbo Equity Investment Fund Enterprise (Limited Partnership), Cao Li , Wang Boyuan, Zhou Jiangbo, Chen Ronggui, Yu Xiaoqiang, Wang Yonggui, Li Jiangfeng promised within 12 months from the date of listing of the issuer's shares, the company shall not transfer or entrust others to manage the company's directly or indirectly held shares issued before the issuer's initial public offering, nor shall the issuer repurchase part of the shares
GAD Environmental Technology Co Ltd is a China-based company engaged in the research and development of solid waste pollution control technology and applied to the construction and operation of pollution control system. The Company's main business scope covers pollution isolation system, ecological environment restoration, renewable resource utilization and comprehensive operation of landfill. The pollution isolation system includes base anti-seepage isolation system, flexible floating membrane anti-seepage isolation system and rigid anti-seepage isolation system. The ecological environment restoration business is mainly applied to the domestic waste landfills to be closed and industrial pollution sites. The renewable resource utilization business is mainly landfill gas power generation business. The comprehensive operation of landfill business mainly includes zoning operation of the landfill, temporary covering, rainwater and sewage diversion, slope restoration, etc.