Certain A Shares of AA Industrial Belting Co., Ltd are subject to a Lock-Up Agreement Ending on 25-MAY-2020.
May 24, 2020
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Certain A Shares of AA Industrial Belting (Shanghai) Co., Ltd are subject to a Lock-Up Agreement Ending on 25-MAY-2020. These A Shares will be under lockup for 1105 days starting from 16-MAY-2017 to 25-MAY-2020.
Details:
The company’s shareholders Tu Mulin and Cai Ruimei, the company’s shareholders Shengzhu Enterprise Management Consulting (Shanghai) Co., Ltd., Yongpan Enterprise Management Consulting (Shanghai) Co., Ltd., Jucheng Enterprise Management Consulting (Shanghai) Co., Ltd. and Shengmei Enterprise Management Consulting (Shanghai) Co., Ltd., the company’s indirect shareholders Tu Guosheng and Tu Yueling, the company’s indirect shareholders Tu Xiaozhu and Meize Qianxiao committed that within 36 months from the listing date, will not transfer nor entrust to others for the management of the company’s shares held directly or indirectly, nor allow the company to repurchase the said shares.
The company’s shareholders Granadilla and Vorstieg committed that within 12 months from the listing date, will not transfer nor entrust to others for the management of the company’s shares held directly or indirectly, nor allow the company to repurchase the said shares.
AA Industrial Belting (Shanghai) Co., Ltd. is a China-based company principally engaged in the research and development, production and sales of conveyor belts. The Company's main products include thermoplastic urethane (TPU) conveyor belts, thermoplastic polyester elastomeric (TPEE) conveyor belts, polyvinyl chloride (PVC) conveyor belts, polyethylene (PE) conveyor belts and seamless conveyor belts. The Company mainly distributed its products in domestic and overseas markets, including Europe, the Middle East, Southeast Asia and the Americas.