Certain A Shares of Sobute New Materials Co., Ltd are subject to a Lock-Up Agreement Ending on 10-NOV-2020.
November 09, 2020
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Certain A Shares of Sobute New Materials Co., Ltd are subject to a Lock-Up Agreement Ending on 10-NOV-2020. These A Shares will be under lockup for 1104 days starting from 2-NOV-2017 to 10-NOV-2020.
Details:
The company's controlling shareholder Jiangsu Subote commits that there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company within 36 months since the date of listing of the present shares.
The actual controllers of the Company, Miu Changwen, Liu Jiaping and Zhang Jianxiong, commit 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.
The shareholders Miu Changwen, Liu Jiaping and Zhang Jianxiong, Mao Liangxi, Li Yuhu, Ren Hongjun, Ran Qianping commit 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.
The shareholders and supervisors Zhang Yuexing, Sun Shu, Wang Liancheng commit 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.
All the other shareholders commit 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.
Sobute New Materials Co Ltd is a China-based company mainly engaged in the research and development, production and sales of concrete admixtures. The Company's main products are high-performance water reducers, high-efficiency water reducers and functional materials. Its high-performance water reducers are mainly used to prepare high-performance concrete, which is used in nuclear power, bridges, high-speed railways, tunnels, high-rise buildings and other fields. Its high-efficiency water reducers mainly include naphthalene-based water reducers and aliphatic water reducers, which are mainly used to prepare medium and low-strength concrete, and are used in hydropower, municipal and civil construction, prefabricated component and other fields. Its functional materials include functional chemical admixtures, high-performance cement-based materials and transportation materials. The Company also provides related technical services.