Certain A Shares of Geovis Technology Co.,Ltd are subject to a Lock-Up Agreement Ending on 2-JUL-2024.
July 01, 2024
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Certain A Shares of Geovis Technology Co.,Ltd are subject to a Lock-Up Agreement Ending on 2-JUL-2024. These A Shares will be under lockup for 1463 days starting from 30-JUN-2020 to 2-JUL-2024.
Details:
The actual controller of the company Geodo (Beijing) Space Information Technology Co., Ltd; actual controller of the company Institute of Electronics, Chinese Academy of Sciences; actual controller?s concerted action Gongqingcheng Jiudu Lingying Investment Management Partnership (Limited Partnership), Fu Kun, Wei Yucheng, Lei Bin, Lu Jiangtao, Wang Hongqi, Tong Jianwei, Shao Zongyou, Li Mei, Fu Kun, Lei Bin, Shao Zongyou committed not to transfer or entrust to a third party the company?s shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 36 months from the company?s share listing date. If, within 6 months after the 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. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties.
The other shareholders, other shareholders holding more than 5% of the company's shares, Gongqingcheng Star Map Group Investment Management Partnership (Limited Partnership), Shuguang Information Industry Co., Ltd., Gongqingcheng Aerospace Cluster Investment Management Partnership (Limited Partnership), Chen Wei, Zheng Yun, Wu Fangcai, Hu Wei, Tang Deke, core technical staff, Zhu Xiaoyong, Lin Yin, Hu Fenghua, Shi Xinhua, Zhang Jingliang, Wang Yi, Hu Guojun, Xie Guofan committed not to transfer or entrust to a third party the company?s shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 12 months from the company?s share listing date. If, within 6 months after the 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. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties.
Geovis Technology Co Ltd is a China-based company that mainly provides software sales and data services, technology development and services, integrated product and system integration. The Company's main products are GEOVIS digital earth basic software platform. Its products and technologies cover the industrial chain links of air and space big data acquisition, processing, carrying, visualization and application, and are mainly used in municipalities, special fields, meteorology and oceans, natural resources, transportation and other fields. The Company conducts its businesses within the domestic market and to overseas markets.