Certain A Shares of Shenzhen Pacific Union Precision Manufacturing Co., Ltd. are subject to a Lock-Up Agreement Ending on 27-DEC-2022.
December 27, 2022
Share
Certain A Shares of Shenzhen Pacific Union Precision Manufacturing Co., Ltd. are subject to a Lock-Up Agreement Ending on 27-DEC-2022. These A Shares will be under lockup for 372 days starting from 20-DEC-2021 to 27-DEC-2022.
Details:
The Company's actual controller Yang Hu and persons acting in concert, and shareholders Shenzhen Pute Technology Enterprise (Limited Partnership) and Shenzhen Pacific Union Technology Enterprise (Limited Partnership) committed that 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 directors and senior management committed that 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. While holding office, they committed to transfer not more than 25% of shares held each year.
The Company's shareholders Shenzhen Talent Innovation and Entrepreneurship No. 1 Equity Investment Fund (Limited Partnership), Shenzhen Capital Group Co., Ltd., Changzhou Poyi Industrial Investment Partnership Enterprise (Limited Partnership), Tianjin Qingqi Lushi Equity Investment Center (Limited Partnership), Tianjin Lushi Yuhang Equity Investment Center (Limited Partnership), Shenzhen Taolve New Energy Equity Investment Fund Partnership Enterprise (Limited Partnership), Shenzhen Nanshan Ruanyin Equity Investment Fund Partnership Enterprise (Limited Partnership), Shanghai Yongci Investment Partnership Enterprise (Limited Partnership), Shenzhen Zhenxing Venture Capital Investment Enterprise (General Partnership), Fang Longxi, Kang Xiaoning, Du Qinde, Shu Xiaojiang, and Ren Jie, and the Company's supervisors and core technical employees committed that 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 Pacific Union Precision Manufacturing Co Ltd is a China-based company producing precision parts and components. The Company focuses on providing metal injection molding (MIM) metal parts, mainly divided into precision metal structural parts and appearance parts. The Company is also engaged in mold and fixture production. The Company's products include power support, volume support, camera support, threading sleeve, plug and other structural parts, as well as exquisite power interface parts, smart watch case, smart ring inner case, unmanned aerial vehicle remote control shaft support, headset accessories and other external parts. The Company's products are mainly used in the field of portable intelligent terminal consumer electronics such as tablet computers and intelligent touch capacitive pens, as well as emerging consumer electronics such as intelligent wearable devices and aerial photography unmanned aerial vehicles.
SHENZHEN PACIFIC UNION PRECISION MANUFACTURING CO., LTD. 
