Certain A Shares of Beijing InHand Networks Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 12-FEB-2021.
February 11, 2021
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Certain A Shares of Beijing InHand Networks Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 12-FEB-2021. These A Shares will be under lockup for 373 days starting from 5-FEB-2020 to 12-FEB-2021.
Details:
The company's controlling shareholder and actual controller Li Ming and Li Hongyu, and the Sister of Li Ming and Li Hongyu committed that within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 months from listing, lock-up period will be automatically extended for another 6 months.
Han Chuanjun, company shareholders Defeng Cleaning Co., Ltd., Nanshan Astor Co., Ltd. And Yao li sheng, directors and senior executives who indirectly or directly hold shares are issued by Li Ming, Li Hongyu, Zhong Cheng, Han Chuanjun, Yu Yingjun, Supervisors Zhu Yuming and Dai Yibo who indirectly or directly hold the issuer's shares, core technicians holding company's shares and all other shareholders commits that within 12 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 months from listing, lock-up period will be automatically extended for another 6 months.
BeijingInHand Networks Technology Co., Ltd. is a China-based company mainly engaged in the Internet of Things (IoT) business. The Company's main business is the research, development and application of industrial IoT technology, providing customers with industrial IoT Machine to Machine (M2M) products and cloud + terminal overall solutions in the field of IoT. The products are mainly used in smart power, smart retail, smart manufacturing, smart cities and other fields. The Company distributes its products within domestic market and to overseas markets.