Certain A Shares of Jiangxi Everbright Measurement And Control Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 5-NOV-2023.
November 04, 2023
Share
Certain A Shares of Jiangxi Everbright Measurement And Control Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 5-NOV-2023. These A Shares will be under lockup for 1098 days starting from 2-NOV-2020 to 5-NOV-2023.
Details:
Jiangxi Riyue Ming Industrial Co., Ltd., the controlling shareholder of the company, actual controllers of the company Tao Jie and Tan Xiaoyun 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. 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.
Jiangxi Everbright Measurement and Control Technology Co Ltd is a company mainly engaged in research and development, production and sales of rail safety measurement and control equipment. The Company owns several product categories, including track geometric state inspection, track surface quality inspection, track structural component inspection and verification platform. The track geometry state inspection products include level 0 track inspection instruments, level 1 track inspection instruments, track measurement instruments and groove track inspection instruments. The track surface quality inspection products include rail corrugation measuring instruments. The track structural component inspection products include track structure inspection instruments. The Company also provides track precision measurement and adjustment services. Its products and services are used as guidance of railway construction and served for railway operation and maintenance.