Certain A Shares of Zhejiang Realsun Chemical Co., Ltd. are subject to a Lock-Up Agreement Ending on 19-APR-2023.
April 18, 2023
Share
Certain A Shares of Zhejiang Realsun Chemical Co., Ltd. are subject to a Lock-Up Agreement Ending on 19-APR-2023. These A Shares will be under lockup for 377 days starting from 7-APR-2022 to 19-APR-2023.
Details:
The Company's holding shareholder namely Realsun Chemical Group Co., Ltd, actual controllers Mu Jianyu, Yu Kuai, and Yu Xiao'ou and Company's shareholder Taizhou Gaosheng Investment Partnership Enterprise have committed to not 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.
The Company's directors, senior management and company's supervisors have committed to not 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.
The Company's holding shareholder namely Realsun Chemical Group Co., Ltd, actual controllers Mu Jianyu, Yu Kuai, and Yu Xiao'ou and the company's directors, senior management have agreed that the lock-up period will be automatically extended for another 6 months 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 Company's holding shareholder namely Realsun Chemical Group Co., Ltd, actual controllers Mu Jianyu, Yu Kuai, and Yu Xiao'ou, company's directors, senior management and company's supervisors have committed to transfer not more than 25% of shares held each year.
Zhejiang Realsun Chemical Co Ltd is a China-based company principally engaged in the research, development, production and sales of fine chemicals. The Company mainly offers four lines of chemical products, including pharmaceutical intermediates, pesticide intermediates, electronic chemicals, and chemical solvents. The Companyâs primary products include gamma-butyrolactone (GBL), α-acetyl-gamma-butyrolactone (ABL), N-methylpyrrolidone (NMP), cyclopropyl methyl ketone (CPMK), isopropyl alcohol (IPA), 1,2- hexylene glycol (HDO), among others. The Company also provides byproducts such as hydrogen, ethanol, phosphas phosphate, and water lithium chloride solution, among others.