Certain A Shares of GuangDong Rifeng Electric Cable Co.,Ltd. are subject to a Lock-Up Agreement Ending on 9-MAY-2020.
May 08, 2020
Share
Certain A Shares of GuangDong Rifeng Electric Cable Co.,Ltd. are subject to a Lock-Up Agreement Ending on 9-MAY-2020. These A Shares will be under lockup for 367 days starting from 8-MAY-2019 to 9-MAY-2020.
Details:
The company's controlling shareholder, actual controller and head of directors, Feng Jiujing, Li Qiang, Meng Zhaobin and Li Yongjuan, acting as directors, supervisors and managers of the company, Shareholders Feng Yuhua and Luo Yongwen and shareholder Guo Shiyao 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.
The shareholders Wang Xueqian, Yin Jinghong and Zhang Haiyan committed 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.
GuangDong Rifeng Electric Cable Co., Ltd. is a China-based company that independently develops and manufactures rubber sheathed wire and cable. The Company is mainly engaged in the research, development, production and sales of electrical equipment and special equipment supporting cables. The products mainly include four categories: air conditioning cable components, small household appliance wiring components, special equipment cables and other cables, and widely used in household appliances, robots, wind power, marine engineering, port machinery, construction machinery, shipbuilding, power tools, instrumentation, automotive, lighting, outdoor equipment and other fields. The Company distributes its products in domestic market and to overseas markets.