Certain A Shares of Shenzhen Water Planning & Design Institute Co., Ltd. are subject to a Lock-Up Agreement Ending on 4-AUG-2023.
August 03, 2023
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Certain A Shares of Shenzhen Water Planning & Design Institute Co., Ltd. are subject to a Lock-Up Agreement Ending on 4-AUG-2023. These A Shares will be under lockup for 743 days starting from 22-JUL-2021 to 4-AUG-2023.
Details:
The Company?s holding shareholder and actual controller Shenzhen Investment Holdings Co., Ltd. committed not to 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.
Shenzhen Shuiguiyuan Investment Co., Ltd. committed not to 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.
Shenzhen Expressway Co., Ltd., Shenzhen Water (Group) Co., Ltd., and Shenzhen Techand Ecology & Environment Co., Ltd. Committed not to 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 24 months from the listing date.
The Company?s directors, supervisors, and senior management committed not to 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. They also committed not to transfer more than 25% of shares held each year as they continue to be the Company?s directors, supervisors, and senior management.
Shenzhen Water Planning & Design Institute Co Ltd is a China-based company mainly providing professional technical services such as survey and design, planning consulting, project operation and management for water construction projects and supporting projects. Its survey and design business mainly includes providing customers with construction condition information and design plans for water-related projects. Its planning consulting business mainly includes providing customers with professional planning and technical consulting on water to support management and engineering project decision-making. Its project operation and management business mainly includes integrated water environment management design and operation business, project management business, river management business and monitoring business.