Certain A Shares of Elite Color Environmental Resources Science & Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 25-SEP-2021.
September 24, 2021
Share
Certain A Shares of Elite Color Environmental Resources Science & Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 25-SEP-2021. These A Shares will be under lockup for 372 days starting from 18-SEP-2020 to 25-SEP-2021.
Details:
The company’s controlling shareholder and actual controller Dai Zexin and actual controller Wang Xueping promised 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. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests. The controlling shareholder and actual controller Dai Zexin controlling Jiangyin Qunying Investment Enterprise (Limited Partnership) promised 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. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests.
Other shareholder promised within 12 months since the date of listing of the present shares in the Shanghai Stock Exchange, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests.
Elite Color Environmental Resources Science & Technology Co Ltd is a China-based company mainly engaged in the research and development, production and sales of polyester fiber and its products. The Company's main products include recycled colored polyester staple fiber, low melting point polyester staple fiber and polyester non-woven fabrics. Its products are mainly used in engineering, carpets, automotive interiors, clothing and home textiles, furniture, automotive interiors and medical hygiene. The Company conducts its businesses within the China market and to overseas markets.