Certain A Shares of Hefei Gocom Information Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 28-JUN-2022.
June 27, 2022
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Certain A Shares of Hefei Gocom Information Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 28-JUN-2022. These A Shares will be under lockup for 370 days starting from 23-JUN-2021 to 28-JUN-2022.
Details:
The company's actual controller Wei Zhen promised that within 36 months after the listing date, will not transfer nor entrust to others for management shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company's share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company's share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months.
Hefei Huazhen Investment Management Co., Ltd. which is controlled by Wei Zhen promised that within 36 months after the listing date, will not transfer nor entrust to others for management shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company's share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company's share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months.
Shareholders holding more than 5% stake, including Hefei University of Technology Asset Management Co., Ltd., Hefei Weitong Investment Center (Limited Partnership) and Zhang Li promised that within 12 months after the listing date, will not transfer nor entrust to others for management shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.
Other directors, supervisors and management personnel or core technical personnel holding shares in the company promised that within 12 months after the listing date, will not transfer nor entrust to others for management shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company's share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company's share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months.
Other shareholders promised that within 12 months after the listing date, will not transfer nor entrust to others for management shares in the company, nor allow the company to repurchase the said shares.
Hefei Gocom Information Technology Co Ltd is a China-based company specializing in the research and development, production, sales and technical services of industrial railway signal control and intelligent dispatching products. According to the application scenarios, the Company's products are divided into two series: ground industrial railway signal control and intelligent dispatching, underground narrow gauge signal control and intelligent dispatching, which are mainly used in mining, metallurgy, petrochemical, port, electric power and other special lines and special railway fields. The Company is also engaged in information system integration and technical services. The Company mainly conducts business within the domestic market.