Certain A Shares of Shenzhen Honor Electronic Co., Ltd. are subject to a Lock-Up Agreement Ending on 24-AUG-2023.
August 24, 2023
Share
Certain A Shares of Shenzhen Honor Electronic Co., Ltd. are subject to a Lock-Up Agreement Ending on 24-AUG-2023. These A Shares will be under lockup for 1106 days starting from 13-AUG-2020 to 24-AUG-2023.
Details:
The Company?s actual controllers Wang Heqiu, Wang Yuetian, Shang Yunsi, Wang Yulin, Wang Yuefei, holding shareholder Shenzhen Genuoli Information Consulting Co., Ltd., Shenzhen Wangyuewang Investment Partnership Enterprise (Limited Partnership), indirect shareholders, directors, and senior management Jiang Shuxing, Zhaopeng, Zhao Hongyu, and Sun Chunping, and shareholder Shenzhen Tongju Information Technology Consulting 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. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests.
After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect.
The Company?s other shareholders 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
Shenzhen Honor Electronic Co Ltd is a China-based company mainly engaged in the research, development, production and sales of switching power supply products. The Company's main products include power adapters and server power supplies. Its products are widely used in many fields such as office electronics, set-top boxes, network communications, security monitoring, audio, financial point of sale terminals, data centers, power tools, etc. The Company conducts its businesses within the domestic market and to overseas markets such as Singapore, Hong Kong, South Korea, Thailand, Vietnam, North America, South Africa and the European Union.