Certain A Shares of Shandong Sino-Agri United Biotechnology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 6-APR-2024.
April 05, 2024
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Certain A Shares of Shandong Sino-Agri United Biotechnology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 6-APR-2024. These A Shares will be under lockup for 1104 days starting from 29-MAR-2021 to 6-APR-2024.
Details:
The commitment of the controlling shareholder China Agricultural Production Materials Shanghai Corporation as well as China Supply and Marketing Group Co., Ltd., China Agricultural Production Materials Corporation, Beijing Zhonghe Guoneng Investment Management Partnership (Limited Partnership),China Agricultural Group Modern Agricultural Service Co., Ltd promised 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.
Natural person shareholders Xu Hui, Qi Laicheng, Xiao Changhai, and Li Ning, who are directors and senior management of the company promised within 12 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. Qingdao Chongxin, Luxin Industrial Transformation, Huaxin Ruicheng, Hengxin Huicheng, Luxin Kangda, Luxin New Materials, Luxin Capital Market (the above shareholders constitute a concerted action relationship) promised within 12 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. All other shareholders promised within 12 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.
Shandong Sino-agri United Biotechnology Co Ltd is a China-based company mainly engaged in the production of pesticides. The Company is mainly engaged in the research and development, production and sales of pesticide intermediates, technicals and preparation products. The Company's main products include imidacloprid, acetamiprid, nitenpyram, pyridaben, and other technicals, intermediates and pesticides, fungicides, and herbicides. The Company's products are sold to domestic and foreign markets.