Certain A Shares of Bank of Suzhou Co., Ltd. are subject to a Lock-Up Agreement Ending on 2-AUG-2022.
August 01, 2022
Share
Certain A Shares of Bank of Suzhou Co., Ltd. are subject to a Lock-Up Agreement Ending on 2-AUG-2022. These A Shares will be under lockup for 1097 days starting from 1-AUG-2019 to 2-AUG-2022.
Details:
The shareholders owning equity in the company before the present IPO will not be able to trade their shares for a year after present issuance.
Guofa Group Co., Ltd., 1st shareholder, shareholders Hongda Logistics Co., Ltd., Yuanqu Jingfa Co., Ltd., Bosideng Holdings Co., Ltd., Shenghong Group Co., Ltd., Wuzhong Group Co., Ltd., Suzhou City Investments Co., Ltd., Guotai International Co., Ltd., Haijing Xinke Co., Ltd., Jiangnan Chemical Fibers Co., Ltd., Xinhu Investments Co., Ltd., Honglilai Clothing Co., Ltd., Wuzhong Education Co., Ltd., Yonggang Group Co., Ltd., Huafang Group Co., Ltd., Sanwei Enterprise Group Co., Ltd and Dongwu Construction Co., Ltd., directors and managing personnel, Zhang Shuinan, Qian Feng and Hou Bin, supervisor and shareholder Zhu Wenbiao and new shareholders Bao Yaqin, Wei Jiaxing, Huang Ning, Mao Luqiong, He Huafang and Wang Haibing committed that 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 having received shares via the company's incentive program committed that no transfer can be made for 3 years since issuance date. After expiry of said lock period, annual transfer cannot exceed 15% of the holdings, after years, transfer limit will be 50% of the holdings.
BANK OF SUZHOU CO., LTD is a China-based company mainly engaged in banking and related business. The Company mainly has three business segments. Corporate Banking business provides banking services to corporate customers, including deposits, loans, settlements, trade-related products and other services. Personal Banking business provides banking services to individual customers, including deposits, debit cards, consumer credit and mortgage loans, and personal asset management. Capital Operation Services includes foreign exchange trading, inter-bank deposit and opening business, repurchase business, investment business, foreign exchange trading and other proprietary and agency business.