Certain A Shares of Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. are subject to a Lock-Up Agreement Ending on 25-SEP-2023.
September 24, 2023
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Certain A Shares of Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. are subject to a Lock-Up Agreement Ending on 25-SEP-2023. These A Shares will be under lockup for 1103 days starting from 17-SEP-2020 to 25-SEP-2023.
Details:
Company holding stockholder Hu Chanming, Shen Yanyan, Hu Kaina promised within 36 months after the listing date, will not transfer nor entrust to others for management the shares directly or indirectly held in the company prior to this offering, nor allow the company to repurchase the said shares. Shareholder holding more than 5% stake Ningbo Meishan Free Trade Port Area Mingkai Equity Investment Partnership Enterprise (Limited Partnership) promised within 36 months after the listing date, will not transfer nor entrust to others for management the shares directly or indirectly held in the company prior to this offering, nor allow the company to repurchase the said shares Directors, supervisors, senior management indirectly holding shares in the company, namely, Deng Yusheng, Li Kelei, Chen Binquan and Zhao Hong promised: within 36 months after the listing date, will not transfer nor entrust to others for management the shares directly or indirectly held in the company prior to this offering, nor allow the company to repurchase the said shares.
Zhejiang Songyuan Automotive Safety Systems Co Ltd is a China-based company mainly engaged in the research and development, design, production, sales and service of automotive passive safety system products such as automotive seat belt assemblies and parts and special seat safety devices. The Company's products include bilateral pre-tensioned force-limiting seat belts, unilateral pre-tensioned force-limiting seat belts, emergency locking force-limiting seat belts, ordinary emergency locking seat belts, simple seat belts, car wheelchairs, child seats and agricultural machinery seats. Its products are used in compact cars, mid-sized cars, sport utility vehicles (SUV), multi-purpose vehicles (MPV), buses, trucks, etc. The Company conducts its businesses within the domestic market and to overseas markets such as North America and Europe.