Certain A Shares of Ruijie Networks Co., Ltd. are subject to a Lock-Up Agreement Ending on 21-NOV-2023.
November 20, 2023
Share
Certain A Shares of Ruijie Networks Co., Ltd. are subject to a Lock-Up Agreement Ending on 21-NOV-2023. These A Shares will be under lockup for 372 days starting from 14-NOV-2022 to 21-NOV-2023.
Details:
The Company?s holding shareholder Fujian Xingwang Ruijie Network Co., Ltd. and indirect holding shareholder Fujian Electronics and Information (Group) Co., Ltd. committed to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.
The Company?s shareholder Beijing Ruijin Dongfang Information Consulting Partnership Enterprise (Limited Partnership) committed to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date.
The Company?s directors Huang Yihao, Liu Zhongdong, Chen Hongtao, Ruan Jiayong, and Yang Jianping and senior management Liu Hongyu, Zhu Yiping, Huang Yuhui, and He Chengmei committed to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months. After the lock-up has expired, while holding office, they committed to not transfer more than 25% of shares held each year.
The Company?s supervisors Li Huaiyu, Xiao Qun, and Lu Yi committed: to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date. After the lock-up has expired, while holding office, they committed to not transfer more than 25% of shares held each year.
Ruijie Networks Co Ltd is a China-based company mainly engaged in the research, development, design and sales of network equipment, network security products and cloud desktop solutions. The Company's main products include routers, switches, wireless products, security gateways, next-generation firewalls, identity management products and others. The Company also produces the operating system RGOS for network equipment and network security hardware products. The Company mainly operates its businesses in the domestic and overseas markets.