Certain A Shares of CWB Automotive Electronics Co., Ltd. are subject to a Lock-Up Agreement Ending on 19-JAN-2024.
January 18, 2024
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Certain A Shares of CWB Automotive Electronics Co., Ltd. are subject to a Lock-Up Agreement Ending on 19-JAN-2024. These A Shares will be under lockup for 1101 days starting from 13-JAN-2021 to 19-JAN-2024.
Details:
The company?s holding shareholder CWB Group, actual controller Chen Wenbao and his close relative Chen Wenyi, actual controller?s close relatives Chen Wenle, Chen Wenli, Ni Zhongting promised that they will not transfer nor entrust to others for management direct shares in the company held prior to this issuance, nor allow the company to repurchase the said shares within 36 months after the listing date.
The company?s directors, management personnel Cai Qingming, Wang Hongzhi, Zhou Shuo, Zhou Ruzhong, company?s supervisors Feng Yang, Ni Xuliang and company?s other shareholders promised that they will not transfer nor entrust to others for management direct and/or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares within 12 months after the listing date.
CWB Automotive Electronics Co Ltd is a China-based company principally engaged in the research and development, production and sales of automotive electronic products and consumer electronic products. The Company's main products include transmission management system components, steering system components, power management systems, automotive connectors, wiring harnesses and consumer electronics connectors. The Company distributes its products both in the domestic market and to overseas markets.