Certain A Shares of Shenzhen Sine Electric Co.,Ltd. are subject to a Lock-Up Agreement Ending on 29-APR-2024.
April 28, 2024
Share
Certain A Shares of Shenzhen Sine Electric Co.,Ltd. are subject to a Lock-Up Agreement Ending on 29-APR-2024. These A Shares will be under lockup for 1097 days starting from 28-APR-2021 to 29-APR-2024.
Details:
The company actual controllers, namely, Tu Conghuan and Zhang Xiaoguang and shareholder of the company, namely, Shenzhen ICT Lida Investment Partnership (Limited Partnership) have agreed not to dispose of their interest for a period of 36 months from the date of listing. 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.
He Wei Shareholder and senior executives who hold more than 5% of the shares; Shareholders Xu Yaozeng, Zou Min, Yang Long who are directors and senior management of the company have agreed not to dispose of their interest for a period of 12 months from the date of listing. 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.
Li Kunbin, Wu Xiaowei, Huang Xianjie, shareholders of the company's supervisors, Shareholders Zhang Xiaoguang, He Wei, Liang Keyu, Zhang Qiang, Yang Zhixun, Shi Xinhai, Wu Xiaowei and other shareholders have agreed not to dispose of their interest for a period of 12 months from the date of listing.
Shenzhen Sine Electric Co Ltd is a high-tech enterprise specialized in the research and development, manufacture and sales of motor drive and control system products in the industrial automation field. The Company's main products include general-purpose inverters, integrated special machines and servo system products. The Company's products are applied in lifting machinery, logistics equipment, petrochemicals, wire and cable, plastic machinery, textile machinery, woodworking machinery, air compressor, printing machinery, packaging machinery, metal rolling, building material, ceramic equipment and fan, water pump and other industries. The Company's products also include motor drives for new energy vehicles. The Company distributes its products in domestic market and to overseas markets.