Certain A Shares of Shenzhen Sunmoon Microelectronics Co., Ltd are subject to a Lock-Up Agreement Ending on 18-DEC-2023.
December 17, 2023
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Certain A Shares of Shenzhen Sunmoon Microelectronics Co., Ltd are subject to a Lock-Up Agreement Ending on 18-DEC-2023. These A Shares will be under lockup for 1095 days starting from 18-DEC-2020 to 18-DEC-2023.
Details:
The Company?s actual controller Wang Lekang and holding shareholder Shenzhen Mingwei Technology Co., Ltd. have committed to 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.
The Company?s shareholders Li Zhaohua, Fu Chuanhui, Huang Rongtian, Guo Wangjie, Wang Huan, and Wang Zhongxiu, who are directors, have committed to 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. 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.
The Company?s shareholders Huang Xueliang, Deqing Hongshulin Investment Consulting Partnership Enterprise (Limited Partnership), Guo Weifeng, Chen Keyong, Yin Zhigang, Lv Suyi, and the other shareholders have committed to 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.
Shenzhen Sunmoon Microelectronics Co Ltd is a China-based company principally engaged in the research and development, design, packaging and testing, and sales of integrated circuits. The Company focuses on the digital-analog hybrid and analog integrated circuits. The Company's products include light-emitting diode (LED) display driver chips, LED lighting driver chips and power management chips. Its LED display drive chips include display drive chips and intelligent landscape drive chips. The Company's products are applied in display, lighting, home appliances and landscape fields.