Certain A Shares of Kangxi Communication Technologies (Shanghai) Co., Ltd. are subject to a Lock-Up Agreement Ending on 18-NOV-2025. These A Shares will be under lockup for 739 days starting from 10-NOV-2023 to 18-NOV-2025.
Details:
Within 36 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.
If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months.
During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares of the issuer transferred each year shall not exceed 25% of the total shares of the issuer held directly and indirectly; within half year after resignation, shall not transfer shares of the issuer held directly or indirectly.
Within 12 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.
As a Core Technician, within 4 years from the date of expiration of the sale restriction period of the pre-IPO shares held, the number of pre-IPO shares transferred each year shall not exceed 25% of the total pre-IPO shares held in the company, shareholding reduction ratio can be used cumulatively.
Grand Kangxi Communication Technologies Shanghai Co Ltd is a China-based company principally engaged in the research and development, design and sales of radio frequency front-end chips and modules. The Company's main products are wireless fidelity (Wi-Fi) radio frequency front-end modules (FEM), which are radio frequency front-end chip modules used in the field of Wi-Fi communications. The Company also provides Internet of Things (IoT) FEM and other products. The Company's products are widely used in wireless network communication equipment such as home wireless routers, home smart gateways, enterprise-level wireless routers, access point (AP), and the Internet of Things such as smart homes, smart Bluetooth speakers, and smart meters. The Company distributes its products within the domestic market and to overseas markets.
