Certain A Shares of Jack Sewing Machine Co.,Ltd. are subject to a Lock-Up Agreement Ending on 18-JAN-2020.
January 17, 2020
Share
Certain A Shares of Jack Sewing Machine Co.,Ltd. are subject to a Lock-Up Agreement Ending on 18-JAN-2020. These A Shares will be under lockup for 1102 days starting from 11-JAN-2017 to 18-JAN-2020.
Details:
The Company’s controlling shareholder Taizhou Jack Investment Co., Ltd., Company’s shareholders Lake Village Limited, Taizhou Jiaojiang Xunlun Enterprise Management Consultancy Co., Ltd., and actual controllers Hu Caifang, Ruan Jixiang, Ruan Fude, Ruan Jiming committed to not transfer or entrust to a third party the Company’s shares they hold directly or indirectly before the public offering, or allow the Company to repurchase these shares within 36 months from the Company’s share listing date.
The Company’s actual controller Ruan Fude’s spouse Guan Jiaofen, and actual controller Ruan Jiming’s spouse Luo Yuxiang committed to not transfer or entrust to a third party the Company’s shares they hold directly or indirectly before the public offering, or allow the Company to repurchase these shares within 36 months from the Company’s share listing date.
The Company’s senior management Ruan Linbing committed: to not transfer or entrust to a third party the Company’s shares it holds directly or indirectly before the public offering, or allow the Company to repurchase these shares within 36 months from the Company’s share listing date.
The Company’s director, supervisors, or senior management Zhao Xinqing, Guo Weixing, Huang Zhanzhou, Che Jianbo committed to not transfer or entrust to a third party the Company’s shares they hold directly or indirectly before the public offering, or allow the Company to repurchase these shares within 12 months from the Company’s share listing date.
Jack Technology Co Ltd, formerly Jack Sewing Machine Co Ltd, is a China-based company mainly engaged in the research and development (R&D), production and sales of industrial sewing machinery. The Company's products include industrial sewing machines, cutting beds, cloth laying machines, cloth inspection machines, automatic sewing equipment for shirts and jeans and others. The Company's products also include important parts of sewing machinery such as motor, electric control, frame and platen. The Company's products are mainly exported to Asia, South America, Europe, Africa and other regions.