Certain A Shares of Beijing Navigation Control Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 19-MAR-2023.
March 18, 2023
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Certain A Shares of Beijing Navigation Control Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 19-MAR-2023. These A Shares will be under lockup for 374 days starting from 10-MAR-2022 to 19-MAR-2023.
Details:
The company's holding shareholder, actual controller Wang Bo, Dong Mingjie,Shi Yongsheng, Shenjun, Gao Zhifeng, the company's holding shareholder, actual controller Miao Lingjuan, Cui Yan promised that within 36 months after the listing date, will not transfer nor entrust to others for management shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company's share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company's share is lower than the issue price for the period ending six months after listing,then the lockup period will automatically be extended for 6 months. After the expiration of lockup period, during the term of office as the company's director, supervisor or management personnel, the number of shares in the company transferred each year will not exceed 25% of the total shares held in the company.
The company's shareholder Beijing Guojie Qiansheng Investment Management Center (Limited Partnership), the company's shareholder Beijing Institute of Technology Asset Management Co., Ltd., the company's shareholder Beijing Institute of Technology Technology Transfer Co., Ltd. promised that within 12 months after the listing date, will not transfer nor entrust to others for management shares in the company held prior to this issuance, nor allow the company to repurchase the said shares
Beijing Navigation Control Technology Co Ltd is a China-based company mainly engaged in the development of navigation technology. The Company is mainly engaged in the development of medium and high-precision inertial navigation, precision guidance and control technology, as well as the research and development, production and sales of inertial navigation systems and their core components. The Company's main products include inertial navigation systems, core components of inertial navigation systems, other components and technical services. The Company's products are used in weapons and equipment such as long-range guided munitions, civil unmanned aerial vehicles, autonomous driving, energy surveying, mapping and other fields. The Company mainly conducts its businesses in the domestic market.