Certain A Shares of Shandong Dongyue Organosilicon Materials Co., Ltd. are subject to a Lock-Up Agreement Ending on 12-MAR-2024.
March 11, 2024
Share
Certain A Shares of Shandong Dongyue Organosilicon Materials Co., Ltd. are subject to a Lock-Up Agreement Ending on 12-MAR-2024. These A Shares will be under lockup for 1462 days starting from 11-MAR-2020 to 12-MAR-2024.
Details:
The shareholders, Shandong Dongyue Fluorine Silicon Material Co., Ltd. and Dongyue Fluorine Silicon Technology Group Co., Ltd. have agreed not to dispose off any shares for a period of 36 months since the listing date. 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 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. 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.
The shareholders, Fu Jun and Changshi Investment Co., Ltd. have agreed not to dispose off any shares for a period of 36 months since the listing date. 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.
The shareholders, Zibo Xiaoxi Enterprise Management Partnership (Limited Partnership), Wang Weidong, Zheng Jianqing, Zhang Zhefeng, Liu Jing, Zhang Xiulei, Yi Gang, Cai Shuibing, and Yu Yuan have agreed not to dispose off any shares for a period of 12 months since the listing date. 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.
Shandong Dongyue Organosilicon Materials Co., Ltd. is a China-based company mainly engaged in organic silicon business. The Company is engaged in the research, development, manufacturing and sales of silicone materials. Its main products include silicone downstream processing products such as silicone rubber, silicone oil, fumed silica, and silicone intermediates. Silicone rubber is divided into room temperature vulcanized silicone rubber (RTV), high temperature vulcanized silicone rubber (HTV) and liquid silicone rubber (LSR). Silicone oil is widely used in textile, daily chemical, mechanical processing, chemical, electronic and electrical industries. Silicone resin is mainly used to make motor bushings and electrical insulation windings after impregnating glass cloth, glass cloth silk and asbestos cloth. The Company distributes its products within domestic market and to overseas markets.