Certain A Shares of Sichuan Zigong Conveying Machine Group Co., Ltd. are subject to a Lock-Up Agreement Ending on 2-NOV-2022.
November 01, 2022
Share
Certain A Shares of Sichuan Zigong Conveying Machine Group Co., Ltd. are subject to a Lock-Up Agreement Ending on 2-NOV-2022. These A Shares will be under lockup for 372 days starting from 26-OCT-2021 to 2-NOV-2022.
Details:
Within 36 months after the listing date, the shareholders shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the companyÃs share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the companyÃs share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months.
During the term of office as the companyÃs director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Within 12 months after the listing date, the shareholders shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.
Sichuan Zigong Conveying Machine Group Co Ltd is a China-based company mainly engaged in material transportation. The Company's main businesses include the research and development, design, production and sales of energy-saving and environmentally-friendly conveyor machinery complete sets of equipment based on belt conveyors. The Company's main products include general-purpose belt conveyors, tubular belt conveyors, horizontal turning belt conveyors, other conveyors and related supporting equipment. The Company also produces displaceable belt conveyors, telescopic belt conveyors, large inclination belt conveyors, bucket elevators, screw conveyors, etc. The Company's products can be applied to the transportation and transshipment of mineral, construction materials, bulk materials and packaging materials. The Company mainly conducts business in the domestic market.