Certain A Shares of Swancor Advanced Materials Co., Ltd. are subject to a Lock-Up Agreement Ending on 28-SEP-2021.
September 27, 2021
Share
Certain A Shares of Swancor Advanced Materials Co., Ltd. are subject to a Lock-Up Agreement Ending on 28-SEP-2021. These A Shares will be under lockup for 370 days starting from 23-SEP-2020 to 28-SEP-2021.
Details:
The companys direct and indirect controlling shareholder SWANCOR IND.CO.,LTD. (Samoa), Strategic Capital Holding Limited (Samoa), Swancor Ind. Co., Ltd., Swancor Holding Co., Ltd. have 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 36 months from the 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 months from listing, lock-up period will be automatically extended for another 6 months.
The companys other shareholders Jinfeng Investment Holding Co., Ltd., Funing Shangxin Advisory Service Partnership Enterprise (Limited Partnership), Funing Shangzhi Advisory Service Partnership Enterprise (Limited Partnership), Funing Shangcheng Advisory Service Partnership Enterprise (Limited Partnership), SWINHOKA INVESTMENT LIMITED have committed not to transfer or entrust to a third party the companys shares they hold before the public offering, or allow the company to repurchase these shares within 12 months from the listing date.
The companys indirect shareholders serving as directors, supervisors, senior management, core technical personnel Cai Chaoyang, Guo Shirong, Wang Dawei, Gan Shuxian, Wang Hongrong, Gao Hongsong, Chen Junan, Xu Chongli, Xie Peizhen have committed not to transfer or entrust to a third party the Companys shares they hold before the public offering, or allow the company to repurchase these shares within 12 months from the 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 months from listing, lock-up period will be automatically extended for another 6 months.
Swancor Advanced Materials Co Ltd is a China-based company mainly engaged in the research and development, production and sales of environmentally friendly high-performance corrosion-resistant materials, wind turbine blade materials and new composite materials. The Company's main products include vinyl ester resins, special unsaturated polyester resins, infusion resins for wind power blades, hand lay-up resins, adhesives, prepreg resins for wind power blade beams, pultrusion resins for wind power blade beams, and environmentally friendly resin, safety materials for rail transit, etc. Its products are used in rail transit safety materials and electric power, petrochemical, electronic and electrical, metallurgy, semiconductor, construction engineering, wind power blade materials and automotive lightweight materials. The Company conducts its businesses within the China market and to overseas markets.