Certain A Shares of JinXianDai Information Industry Co.,Ltd. are subject to a Lock-Up Agreement Ending on 6-NOV-2020.
November 05, 2020
Share
Certain A Shares of JinXianDai Information Industry Co.,Ltd. are subject to a Lock-Up Agreement Ending on 6-NOV-2020. These A Shares will be under lockup for 196 days starting from 24-APR-2020 to 6-NOV-2020.
Details:
The company's controlling shareholder and actual controller, namely, Li Feng and shareholders, namely, Jinan Jinsiqi Investment Management Partnership (Limited Partnership), Jinan Jinshichuang Business Consulting Partnership (Limited Partnership), and Li Li have agreed not to dispose of their interest for a period of 36 months from the date of listing. 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), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect.
The shareholder, namely, Chengdu Aerospace Industry Internet Intelligent Manufacturing Industry Investment Fund Partnership (Limited Partnership) and shareholders working as directors, and management personnel in the company, Han Feng, Zhang Chunru, Zhou Jianming, Xu Ming, Huang Xutao, Lu Xiaoting and Zhang Xueshun and supervisor, namely, Wang Jun and other shareholders have agreed not to dispose of their interest for a period of 12 months from the date of listing. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect.
JinXianDai Information Industry Co Ltd is a China-based company involved in the provision of software development, implementation, operation and maintenance services for power generation and power supply companies. The Company's main products include power enterprise production management system (PMS), power generation and supply enterprise safety supervision and management system, distribution network repair command platform and petrochemical enterprise health, safety and environment management information system (HSE). Its products are mainly used in production management, safety management, infrastructure management, marketing management and scheduling management, among others. The Company conducts its businesses in the domestic market.