Certain A Shares of Zhengzhou Qianweiyangchu Food Co., Ltd. are subject to a Lock-Up Agreement Ending on 6-SEP-2022.
September 06, 2022
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Certain A Shares of Zhengzhou Qianweiyangchu Food Co., Ltd. are subject to a Lock-Up Agreement Ending on 6-SEP-2022. These A Shares will be under lockup for 372 days starting from 30-AUG-2021 to 6-SEP-2022.
Details:
The Company's holding shareholder Gongqingcheng Chengzhiji Enterprise Management Consulting 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 actual controller Li Wei 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 who are indirect shareholders Sun Jian, Bai Rui, Wang Zhibin, Xu Zhenjiang, and Zhong Hui 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. After the lock-up has expired, while holding office, they committed to not transfer more than 25% of shares held each year.
The Company's shareholders Shenzhen Qianhai New Hope Chuangfu No. 1 Investment Partnership Enterprise (Limited Partnership), Zhuji Shangde Hewei Investment Partnership Enterprise (Limited Partnership), Gongqingcheng Kaili Investment Management Partnership Enterprise (Limited Partnership), Suqian Hanbang Investment Management Co., Ltd., Shenzhen Wangju Investment Co., Ltd., Wei Xiuyan, Weng Lei, Zhao Jianguang, Beijing Jianyuan Shidai Investment Management Center (Limited Partnership), Beijing Jianyuan Honggeng Investment Management Partnership Enterprise (Limited Partnership), Beijing Jianyuan Boyi Investment Management Partnership Enterprise (Limited Partnership), Beijing Jianyuan Chaohong Investment Management Center (Limited Partnership), Beijing Fuquan Phase I Investment Fund Management Center (Limited Partnership), Li Fang, and Beijing Jianyuan Xinbo Equity Investment Center (Limited Partnership) and the Company's supervisor who is an indirect shareholder Wang Xiangyang 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. After the lock-up has expired, while holding office, Wang Xiangyang committed to not transfer more than 25% of shares held each year.
Zhengzhou Qianweiyangchu Food Co Ltd is a China-based company mainly engaged in the research and development, production and sales of quick-frozen noodle products in the catering industry. The Company mainly provides customized and standardized quick-frozen noodle products. The Company's quick-frozen noodle products can be divided into four categories according to the processing method: fried, baked, steamed, dishes and others. Its products include fried dough sticks, sesame balls, egg tart skins, sweet potato balls, and cartoon buns. The Company mainly conducts business within the domestic market.