Certain A Shares of ADD Industry Corporation Limited are subject to a Lock-Up Agreement Ending on 27-JAN-2018.
January 26, 2018
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Certain A Shares of ADD Industry (Zhejiang) Corporation Limited are subject to a Lock-Up Agreement Ending on 27-JAN-2018. These A Shares will be under lockup for 374 days starting from 18-JAN-2017 to 27-JAN-2018.
Details:
The company’s actual controller Mr. Zheng Liansong, Mr. Zheng Nianhui, Mr. Zheng Lianping, the company’s holding shareholder Zhejiang Zhengyu Investment Co., Ltd., and shareholders of Zhejiang Yuanhao Investment Co., Ltd., Mr. Ye Weiming, Mr. Fang Niansuo, Mr. Liu Yong promised agreed upon the lock up period of 36 months after the listing date.
The company’s shareholder Zhejiang Yuanhao Investment Co., Ltd., and the directors, supervisors, management personnel who indirectly hold shares in the company through Zhejiang Yuanhao Investment Co., Ltd. including Mr. Zhang Mai, Ms. Yang Huazhen, Mr. Wang Caishan, Mr. Yang Jun, Mr. Chen Linghui, Mr. Li Zhenhui agreed upon the lock up period of 12 months after the listing date.
ADD Industry Zhejiang Co Ltd is a China-based company mainly engages in the research, development, production and sales of automotive parts and components such as automotive suspension system shock absorbers, automotive rubber shock absorbing products and engine seals. Automotive suspension system shock absorbers (also known as shock absorbers or damping shock absorbers) are mainly used in automotive suspension systems. Rubber shock absorbing products mainly include suspensions, top rubbers, bushings, dust covers and others. Engine seals mainly include cylinder gaskets, exhaust pipe gaskets, oil pan gaskets, valve cover gaskets, intake manifold gaskets, supercharger gaskets, oil seals and others. The Company mainly conducts its business in the domestic and foreign markets.