Certain A Shares of HAXC Holdings Co., Ltd. are subject to a Lock-Up Agreement Ending on 6-JAN-2023.
January 05, 2023
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Certain A Shares of HAXC Holdings (Beijing) Co., Ltd. are subject to a Lock-Up Agreement Ending on 6-JAN-2023. These A Shares will be under lockup for 737 days starting from 30-DEC-2020 to 6-JAN-2023.
Details:
Company's controlling shareholders and actual controllers, He Xinyi and He Panfu committed that within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. 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 month from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests. 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. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect. If any of the parties were to resign within 6 months from the present IPO, neither direct nor indirect holdings might be transferred or sold for 18 months since the date of rescinding. If the parties resign within 7 to 12 months after the IPO, neither direct nor indirect holdings might be transferred or sold for 12 months since the date of rescinding.
Shareholders Xiao Yan, Yang Lei, Huang Ruiguang, Yu Yang, Liu Jian, Xu Ruirui, Chen Lei, Chang Wei, Huang Chen, Cao Xuqiu, Xiao Yuwei, Sun Yanqiu, Yao Jinzhong, Liu Hao, Ma Xiaojing, Yinchuan Jundu Investments Co. Ltd., Shanghai Lianchuang Co., Ltd, Shanghai Xianghe Co., Ltd., Ningbo Jiaze Co., Ltd , Suzhou Dade Investments Co., Ltd and Tibet Tairun Co., Ltd., committed that within 12 months since the date of listing of the present shares in the Shenzhen Stock Exchange, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. 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 month from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests. 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. In the event of a resignation before the expiry of the term of office, the above-mentioned undertaking will continue to be maintained for six months.
There will be no transfer of shares, directly or indirectly held, within 18 months from the date of declaration in case of resignation happening within 6 months from the date of listing of the company's shares; the first 7 months from the date of listing of the company's shares To the 12th month between the declaration of separation, since the declaration of departure within 12 months from the date of the transfer of the person directly or indirectly, the issuer shares.
HAXC Holdings (Beijing) Co Ltd is a China-based company mainly engaged in the customization and selection of core display devices of cockpit electronic products, the development of software and hardware systems, and the sales of general devices. Its customized devices mainly include liquid crystal displays and touch screens. Its core display devices are mainly applied in cockpit electronic products such as automotive central control and liquid crystal instrumentation. Full liquid crystal display (LCD) instrument software mainly includes system layer, middle layer and application layer software. The hardware systems mainly include full LCD instrument main control board hardware systems, full LCD instrument body interfaces and full LCD instrument display modules. Its general-purpose devices include general-purpose car LCD screens, car inertial navigation modules, car cameras, image sensors, light-emitting diode (LED) lights and other general-purpose devices.