Certain Ordinary Shares of Vesync Co., Ltd are subject to a Lock-Up Agreement Ending on 17-DEC-2021.
December 17, 2021
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Certain Ordinary Shares of Vesync Co., Ltd are subject to a Lock-Up Agreement Ending on 17-DEC-2021. These Ordinary Shares will be under lockup for 365 days starting from 17-DEC-2020 to 17-DEC-2021.
Details:
The controlling shareholders will not offer any shares for a period of 6 months from the listing date. They have agreed to not dispose any shares for an additional six months, if following such disposal, they cease to be the controlling shareholders of the company.
Vesync Co., Ltd is an investment holding company. The Company is engaged in the small home appliance online market. The Company is principally engaged in research and development, manufacture and sale of smart household appliances and smart home devices. It primarily designs, develops and sells small home appliances under its three core brands, namely, Levoit for home environment appliances; Etekcity for smart home gadgets, health monitoring devices, outdoor recreation products and personal care products; and Cosori for kitchen appliances and dining ware. Its products include Etekcity Smart WiFi Fitness Scale, Cosori Smart Air Fryer, and Levoit Cordless Stick Vacuum, among others. Its VeSync App enables users to achieve centralized control of smart home devices for the home automation experience. Its products are manufactured in the Peopleâs Republic of China (the PRC) and sold to customers in the United States, Canada, the United Kingdom, France, Germany, Spain, Italy, and Japan.