Certain A Shares of Guoanda Co., Ltd. are subject to a Lock-Up Agreement Ending on 29-OCT-2023.
October 28, 2023
Share
Certain A Shares of Guoanda Co., Ltd. are subject to a Lock-Up Agreement Ending on 29-OCT-2023. These A Shares will be under lockup for 1102 days starting from 22-OCT-2020 to 29-OCT-2023.
Details:
The Company?s controlling shareholder, one of the actual controllers, Chairman of the Board, and senior management Hong Weiyi, shareholder holding above 5% stake, one of the actual controllers, director, senior management Hong Qingquan, shareholder holding above 5% stake, one of the actual controllers Hong Junlong, shareholder holding above 5% stake and controlling shareholder Hong Weiyi?s controlled company Xiamen Zhong?an 919 Investment Co., Ltd, shareholder and spouse of controlling shareholder Hong Weiyi namely Huang Meixiang committed that they will not 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 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 months from listing, lock-up period will be automatically extended for another 6 months.
The Company?s shareholder holding above 5% stake Hangzhou Liandong Investment Partnership Enterprise (Limited Partnership), shareholder Xiamen Ji?an Investment Consultancy Co., Ltd, supervisors Wu Tianlin, Huang Wencong, Tang Liyan indirectly holding stake through Xiamen Ji?an Investment Consultancy Co., Ltd, shareholders Su Cuiyu, Lian Xiaoping, Li Qiang, Wen Shuqiang, Nian Wenyun, Deng Lihui, Wu Chongmao, Yang Jing committed that they will not transfer or entrust to a third party the Company?s shares it holds before the public offering, or allow the Company to repurchase these shares within 12 months from the Company?s share listing date.
The Company?s shareholder holding above 5% stake, director Lin Meichai, shareholders, directors, or senior management Xu Yanqing, Lian Jiansheng, Chang Shiwei, Wang Zheng, Zhu Guiyang, Li Xiuhao committed that they will not transfer or entrust to a third party the Company?s shares it holds 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 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 months from listing, lock-up period will be automatically extended for another 6 months.
Guoanda Co Ltd is a China-based company engaged in research and development, production and sales of fire extinguishing devices. The Company's products include ultra-fine dry powder automatic fire extinguishing devices and intelligent fire fighting systems, automatic fire extinguishing devices and intelligent fire fighting systems used for battery boxes, as well as fixed fire extinguishing systems used for passenger compartments. Its products are used in a range of areas, covering passenger car engine compartments, lithium battery boxes of new energy vehicles, substation cables and new energy power stations.
GUOANDA CO., LTD. 