Certain A Shares of SMARTGEN (Zhengzhou) Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 17-NOV-2025. These A Shares will be under lockup for 1103 days starting from 10-NOV-2022 to 17-NOV-2025.
Details:
The company?s holding shareholder, actual controller Yang Xinzheng, Cui Wenfeng promised Within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to 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 will automatically be extended for 6 months. During the term of office in the company as director, supervisor, or management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Shareholders Yang Lu, Cui Bo promised Within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to 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 will automatically be extended for 6 months.
Other shareholders promised Within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares.
The company?s directors, management personnel promised Within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to 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 will automatically be extended for 6 months. During the term of office in the company as director, or management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
The company?s supervisors promised Within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares. During the term of office in the company as supervisor, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Smartgen Zhengzhou Technology Co Ltd is a China-based company engaged in the research and development, production and sales of automatic control systems for internal combustion generator sets, automatic control systems for low-voltage power distribution and other related automation products. The Company's main products include controller products (generator set controller, dual power automatic switching controller, construction machinery controller, marine controller, general machine controller), component products (electrical control cabinet, battery charging heaters, engine heaters) and other products (cloud monitoring modules, sensors, communication modules, power protection modules, input and output expansion modules). The Company mainly operates its businesses in the domestic and overseas markets.
