Certain A Shares of JinFu Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 6-NOV-2023.
November 05, 2023
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Certain A Shares of JinFu Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 6-NOV-2023. These A Shares will be under lockup for 1102 days starting from 30-OCT-2020 to 6-NOV-2023.
Details:
The Company?s holding shareholder Chen Jinpei, actual controllers Chen Jinpei, Chen Wanru, and Chen Shanshan, and shareholders Dongguan Jingai Investment Partnership Enterprise (Limited Partnership) and Dongguan Beisheng Investment Partnership Enterprise (Limited Partnership) committed that they will not 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.
Indirect shareholders Zhang Mingcong, You Jingbo, and Ma Wei committed that they will not 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.
The Company?s shareholders Shenzhen Capital Group Co., Ltd., Dongguan Hongtu Venture Capital Co., Ltd., Lu Zhenhua, Li Yongming, Ou Jingchang, Ye Shuhua, Luo Zhoubin, And Zhang Yongqiang committed that they will not 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.
JinFu Technology Co Ltd is a company engaged in research and development, production and sales of plastic packaging products. The Company's products are mainly comprised of plastic anti-theft bottle caps and handles. The plastic anti-theft bottle caps products include 3025 plastic bottle caps, 2925 plastic bottle caps and 38 plastic bottle caps, as well as no-splash caps. The products are applied in bottled mineral water, bottled drinking water and bottled functional drinks. The handles products include handles for 1.555L bottled beverages and handles for 4.5L barreled beverages. The Company also provides two-piece bottle caps used for soy sauce bottles, valve bottle caps and nozzle bottle caps used for edible oil, as well as switch caps and terminal rubber caps for air-conditioning compressors.