Certain A Shares of Shanghai Sinotec Co., Ltd. are subject to a Lock-Up Agreement Ending on 2-JAN-2022.
January 01, 2022
Share
Certain A Shares of Shanghai Sinotec Co., Ltd. are subject to a Lock-Up Agreement Ending on 2-JAN-2022. These A Shares will be under lockup for 1096 days starting from 2-JAN-2019 to 2-JAN-2022.
Details:
The company's controlling shareholder Pafuer Investments Co., Ltd., Wu Jia and Wu Shiyou committed not to transfer or entrust to a third party the companys shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 36 months from the companys share listing date.
The company´s actual controller Wu Huailei, Shareholders Leijia Investments Co., Ltd., Fuxing Investments Co., Ltd., Ningbo Haibang Investments Co., Ltd., Hangzhou Haibang Investments Co., Ltd., Huatuo Investments Co., Ltd., Wang Lipu, Guan Qihan, Xie Weihua, Xie Li, Tang Quanrong, Li Xuekang and Ouyang Yong, acting as directors, supervisors and managers of the Company and Shareholders Huang Xiaohong, Huang Xiaodong, Jin Can, Zhang Liangsen committed not to transfer or entrust to a third party the companys shares they hold directly or indirectly before the public offering, or allow the company to repurchase these shares within 12 months from the companys share listing date.
Shanghai Sinotec Co., Ltd. is a China-based company which mainly engaged in research, development, production and sales of key components of turbochargers. The Company supplies parts and components to auto parts suppliers. The Company's main products are the bleed valve assembly products, the turbine casing and the intermediate casing products and other components. The bleed valve assembly product is mainly composed of a cover plate, a connecting plate and a bushing. The Company mainly distributes its products in China and overseas markets.