Certain A Shares of Hangzhou Greenda Electronic Materials Co., Ltd. are subject to a Lock-Up Agreement Ending on 19-AUG-2023.
August 18, 2023
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Certain A Shares of Hangzhou Greenda Electronic Materials Co., Ltd. are subject to a Lock-Up Agreement Ending on 19-AUG-2023. These A Shares will be under lockup for 1104 days starting from 10-AUG-2020 to 19-AUG-2023.
Details:
The Company?s holding shareholder Hangzhou Electromechanical Group Co., Ltd. and actual controllers Huang Zhaoyou, Jiang Hui?er, Yu Guoxiang, Cai Jiangrui, Hu Yongqiang, Chen Zhe, and Xu Hua have committed not to transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.
The Company?s directors, supervisors, and senior management who are shareholders Fang Weihua, Yin Yunjian, Ren Shumin, Shi Ke, and Jiang Zhenan have committed not to transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.
The Company?s shareholders Hangzhou Lvsheng Investment Partnership Enterprise (Limited Partnership), Ningbo Juhe Equity Investment Partnership Enterprise (Limited Partnership), Hangzhou Jinbei?er Investment Co., Ltd. and Ningbo Kangdayuan Investment Partnership Enterprise (Limited Partnership) have committed not to transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date.
Hangzhou Greenda Electronic Materials Co Ltd is a China-based company principally engaged in the research and development, production and sales of ultra-clean and high-purity wet electronic chemicals. The Company's main products include developer, etchant, diluent and cleaning solution. Its downstream applications are mainly display panels, semiconductors, solar cells, etc., and are mainly used in the manufacturing processes of electronic products such as development, etching, and cleaning. The Company's core product, Tetramethy1 ammonium hydroxide (TMAH) developer, is a key material in the production of Liquid Crystal Display (LCD) and Organic Light-Emitting Diode (OLED) display panels.