Certain A Shares of Shandong Nanshan Zhishang Sci-Tech Co.,Ltd. are subject to a Lock-Up Agreement Ending on 22-DEC-2023.
December 21, 2023
Share
Certain A Shares of Shandong Nanshan Zhishang Sci-Tech Co.,Ltd. are subject to a Lock-Up Agreement Ending on 22-DEC-2023. These A Shares will be under lockup for 1095 days starting from 22-DEC-2020 to 22-DEC-2023.
Details:
NANSHAN GROUP CO., Ltd, the Company's controlling shareholder and the Nanshan Village Municipal Committee, the actual controller commit that within 36 months since the date of listing of the present shares, there will 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), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect.
Shareholders Yantai Nansheng Investment Partnership (Limited Partnership) and Yantai Shengkun Investment Partnership (Limited Partnership)., commit 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.
Directors and managing personnel in the company commit that within 12 months since the date of listing of the present shares, there will be no transfers nor entrustment of shares to any third party nor repurchase by the company.
Supervisors in the company commit that within 12 months since the date of listing of the present shares, there will be no transfers nor entrustment of shares to any third party nor repurchase by the company.
Shandong Nanshan Fashion Sci-Tech Co Ltd, formerly Shandong Nanshan Zhishang Sci-Tech Co Ltd, is a China-based company mainly engaged in the research and development, design, production and sales of worsted woolen cloth, formal wear and protective products. The Company has a wool textile apparel industry chain, which covers a worsted woolen cloth business system integrating fabric research and development, top processing, dyeing, spinning, weaving, and finishing, as well as a clothing business system that integrates clothing research, development, design, manufacturing and brand operations. The Company's brands include NANSHAN, Dino Filarte, DELLMA and MODARTE. The Company conducts its businesses within the China market and to overseas markets such as Asia, North America and Europe.