Certain A Shares of Suzhou Secote Precision Electronic Co., Ltd. are subject to a Lock-Up Agreement Ending on 25-DEC-2023.
December 24, 2023
Share
Certain A Shares of Suzhou Secote Precision Electronic Co., Ltd. are subject to a Lock-Up Agreement Ending on 25-DEC-2023. These A Shares will be under lockup for 2201 days starting from 15-DEC-2017 to 25-DEC-2023.
Details:
The controlling shareholders Sun Feng and Zeng Huicheng, the shareholders Suzhou Saiwei Investments and Suzhou SaiYue Investments, supervisors and management personnel Chen Jun, Zhao Jianhua, Lom Kok Oon, Li Sanbao, Liu Yanwei, Liu Hongning and supervisors Ran Jinguo, Zhang Ronglin, and Jia Huajun committed that within 36 months since the date of listing of the present shares in the Shenzhen Stock Exchange, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the company.
Also, after the expiry of lock up period, yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect.
Suzhou Secote Precision Electronic Co Ltd is a company engaged in research and development, design, production and sales of intelligent manufacturing equipment and provision of related technical services. The Company's products are mainly comprised of automated equipment, fixtures and jigs, including small size tag labeling machines, bearing pressing equipment, automatic footwear glue pressing machines and so on. The products are used in a range of areas, including the new energy vehicle, semiconductor, lithium battery and consumer electronic, such as smartphones, tablets and laptops.