Certain A Shares of C*Core Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 6-JAN-2024.
January 05, 2024
Share
Certain A Shares of C*Core Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 6-JAN-2024. These A Shares will be under lockup for 737 days starting from 30-DEC-2021 to 6-JAN-2024.
Details:
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 month from listing, lock-up period will be automatically extended for another 6 months.
After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.
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 month from listing, lock-up period will be automatically extended for another 6 months.
C*Core Technology Co Ltd is a China-based company mainly engaged in chip research, development, design and production. The Company' operates three in segments. Intellectual Property (IP) Authorization segment is mainly engaged in authorization of the independently controllable embedded central processing unit (CPU) core and its system on chip (SoC) design platform to customers. Chip Customization Services' businesses include customized chip design services and customized chip mass production services. Independent Chip and Module Products segment is mainly information security products, covering key fields such as cloud computing, big data, Internet of things, intelligent storage, industrial control and financial electronics.