Certain A Shares of Shaanxi Meineng Clean Energy Corp.,Ltd. are subject to a Lock-Up Agreement Ending on 31-OCT-2023.
October 30, 2023
Share
Certain A Shares of Shaanxi Meineng Clean Energy Corp.,Ltd. are subject to a Lock-Up Agreement Ending on 31-OCT-2023. These A Shares will be under lockup for 372 days starting from 24-OCT-2022 to 31-OCT-2023.
Details:
Shaanxi Fengsheng Enterprise Management Co., Ltd., the controlling shareholder of the company, and its related party, Shaanxi Meineng Investment Co., Ltd. and Xi'an Meisheng Equity Investment Partnership (Limited Partnership): 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. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests.
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. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests.
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.
Li Lin, Luo Guandong and Liu Yaping, the shareholders of the company's directors/seniors: Within 12 months since the date of listing of the present shares in the Shenzhen Stock Exchange, 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. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests.
Shaanxi Meineng Clean Energy Corp Ltd is a China-based company that mainly provides professional city gas comprehensive operation services in the field of clean energy supply. The Company is mainly engaged in the transmission, distribution and operation of urban gas, including the sales and service of natural gas terminals and the installation of natural gas user facilities and equipment. The natural gas terminal sales business mainly includes pipeline natural gas or Liquefied Natural Gas (LNG) purchased from upstream gas source suppliers and delivered to various terminals through self-built city gate stations, LNG storage and distribution stations, CNG filling stations and urban pipeline networks user. The installation business of natural gas user facilities and equipment mainly includes the installation and after-sales service of natural gas facilities and equipment provided by the Company according to the needs of end users.