Certain A Shares of Zhejiang Changhua Auto Parts Co., Ltd. are subject to a Lock-Up Agreement Ending on 29-SEP-2023.
September 28, 2023
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Certain A Shares of Zhejiang Changhua Auto Parts Co., Ltd. are subject to a Lock-Up Agreement Ending on 29-SEP-2023. These A Shares will be under lockup for 1103 days starting from 21-SEP-2020 to 29-SEP-2023.
Details:
The company actual controllers Wang Changtu, Wang Qing promised that within 36 months after the listing date, will not transfer nor entrust to others for management shares directly and indirectly held in the company prior to this issuance, nor allow the company to acquire the said shares
The company shareholder Ningbo Changhong Equity Investment Partnership Enterprise (Limited Partnership), Ningbo Jiu?er Investment Partnership Enterprise (Limited Partnership), promised that within 36 months after the listing date, will not transfer nor entrust to others for management shares directly and indirectly held in the company prior to this issuance, nor allow the company to acquire the said shares.
Aside from actual controller, all directors, supervisors and senior management indirectly holding shares in the company prior to this issuance, promised that within 12 months after the listing date, will not transfer nor entrust to others for management the shares directly and indirectly held in the company prior to this issuance, nor allow the company to acquire the said shares.
Changhua Holding Group Co Ltd is a China-based company mainly engaged in the research, development, production and sales of automotive metal parts. The Company's main products include fasteners, stamping and welding parts and large aluminum castings. The Company's high-strength fasteners for automobiles mainly include bolts, nuts, and special-shaped parts. The Company's automobile stamping and welding integrated parts mainly include reinforced sunroof assemblies and instruments in the motor vehicle body, instrument assemblies, luggage compartment partition assemblies, rear subframe reinforcements, wheel covers, floor center beams, front subframes, among others. The Company's aluminum die-casting products mainly include body parts and chassis parts. The Company distributes products in the domestic market and overseas markets.