Certain A Shares of Hangzhou Xili Intelligent Technology Co.,Ltd are subject to a Lock-Up Agreement Ending on 18-MAR-2022.
March 17, 2022
Share
Certain A Shares of Hangzhou Xili Intelligent Technology Co.,Ltd are subject to a Lock-Up Agreement Ending on 18-MAR-2022. These A Shares will be under lockup for 371 days starting from 12-MAR-2021 to 18-MAR-2022.
Details:
The Companys holding shareholder and actual controller Song Yiran and shareholders Deqing Xili Technology Information Consulting Partnership Enterprise (Limited Partnership) and Deqing Juyuan Technology Information Consulting Partnership Enterprise (Limited Partnership) committed: to not transfer or entrust to a third party the Companys 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 Companys directors Zhou Xiaolei, Zhu Yongfeng, and Chen Long, supervisors Yang Xingzuo, Xu Xinru, and Yang Peiyong, deputy general managers Hu Yusheng and Yu Jianping, and core technical employee Zhu Xinhong committed: to not transfer or entrust to a third party the Companys 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 Companys shareholders Hangzhou Ruitou Technology Co., Ltd., Linhai Electric Power Industrial Co., Ltd., Hangzhou Tongyuan Youke Venture Capital Partnership Enterprise (Limited Partnership), Shanghai Jinpu Innovation Consumer Equity Investment Fund (Limited Partnership), Shanghai Jinpu Emerging Industries Equity Investment Fund Partnership Enterprise (Limited Partnership), Shanghai Huiyuan Investment Consulting Partnership Enterprise (Limited Partnership), and Shu Jianhua committed: to not transfer or entrust to a third party the Companys 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 Xili Intelligent Technology Co Ltd is a China-based company principally engaged in the research and development, manufacture and sales of energy metering products such as smart meters, electricity information collection terminals and energy metering boxes. The Company's main products include smart meters such as single-phase smart meters and three-phase smart meters, power consumption information collection terminals such as concentrators, collectors and special transformer collection terminals, as well as electric energy metering boxes. The Company's main products are applied in electric energy measurement and information technology fields. The Company distributes its products within domestic market and to overseas markets.