Certain A Shares of Suzhou TZTEK Technology Co., Ltd are subject to a Lock-Up Agreement Ending on 22-JUL-2023.
July 21, 2023
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Certain A Shares of Suzhou TZTEK Technology Co., Ltd are subject to a Lock-Up Agreement Ending on 22-JUL-2023. These A Shares will be under lockup for 1480 days starting from 3-JUL-2019 to 22-JUL-2023.
Details:
The company's controlling shareholders Qingyi Investments Co., Ltd., actual controller, director, management personnel and core technician, Xu Yihua, the shareholder Tianzhun Hezhi Co., Ltd., and Director and managing personnel Wen Yanpei, committed not to transfer or entrust to a third party the company?s shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 36 months from the company?s share listing date. 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. After the expiry of the 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.
The shareholders of the company, Technology City Venture Capital Investments, Yang Chun, Jiequan Zhixin Co., Ltd., Dongwu Securities Co., ltd., Yuandian Zhengze Co., ltd. committed not to transfer or entrust to a third party the company?s shares they hold directly or indirectly before the public offering, or allow the company to repurchase these shares within 12 months from the company?s share listing date.
Suzhou TZTEK Technology Co Ltd is a China-based industrial automation equipment developer. The Company focuses on the measurement, vision and automation sectors of smart industry, providing products and solutions to customers. The Company's main products are industrial vision equipment, including precision measuring instruments, intelligent testing equipment, intelligent manufacturing systems and unmanned logistics vehicles. Its products are mainly used in consumer electronics industry, automobile manufacturing industry, photovoltaic semiconductor industry, warehousing and logistics industry and other fields. The Company mainly distributes its products to the domestic market and overseas markets.