Certain A Shares of Fujian South Highway Machinery Co., Ltd. are subject to a Lock-Up Agreement Ending on 8-NOV-2023.
November 07, 2023
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Certain A Shares of Fujian South Highway Machinery Co., Ltd. are subject to a Lock-Up Agreement Ending on 8-NOV-2023. These A Shares will be under lockup for 371 days starting from 2-NOV-2022 to 8-NOV-2023.
Details:
The company?s controlling shareholder Fang Qingxi, and the actual controllers Fang Qingxi, Chen Guihua and Fang Kai, Quanzhou Zhicheng Investment Partnership (Limited Partnership), Quanzhou Fangyao Investment Partnership (Limited Partnership), Quanzhou Zhixin Investment Partnership (Limited Partnership), Quanzhou Fanghua Investment Partnership (Limited Partnership) promised Within 36 months from the date of listing of the company?s shares, the company shall not transfer or entrust others to manage the company?s directly or indirectly held shares before the public offering of shares, nor shall the company repurchase such shares.
The company's other natural person shareholders Chen Guoshan and Wang Ji promised Within 12 months from the date of listing of the company?s shares, the company shall not transfer or entrust others to manage the company?s directly or indirectly held shares before the public offering of shares, nor shall the company repurchase such shares.
Fujian South Highway Machinery Co Ltd is a China-based company mainly engaged in customized design, research and development, production and sales of sand and gravel aggregate processing and utilization equipment. The Company's products mainly include equipment for engineering mixing, primary aggregate processing, and aggregate recycling and recycling, covering fields such as mine crushing and screening, aggregate processing, mixing of construction and road construction materials, and recycling of construction waste. Its products are used in downstream markets such as construction, roads, bridges, tunnels, water conservancy and other infrastructure construction and real estate development. The Company also provides software for managing machinery. The Company operates its businesses in the domestic market.