Certain A Shares of Xi'an Peri Power Semiconductor Converting Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 8-MAY-2023.
May 07, 2023
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Certain A Shares of Xi'an Peri Power Semiconductor Converting Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 8-MAY-2023. These A Shares will be under lockup for 1105 days starting from 28-APR-2020 to 8-MAY-2023.
Details:
The Company's holding shareholder Xi'an Power Electronics Research Institute, Shaanxi Science and Technology Holding Group Co., Ltd. committed that they will 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 after the listing date. If, within 6 months after the 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 company's shareholders CDB Equipment Manufacturing Industrial Investment Fund Co., Ltd., Beijing Kaixin Pairui Capital Management Center, Beijing Longcui Capital Management Center, Shaanxi Jinhe Technology Venture Capital Co., Ltd., Xi'an Shenhe Asset Management Partnership Enterprise, Xi'an Yuanheng Investment Management Partnership Enterprise, Xi'an Xiechuang Investment Management Partnership Enterprise, and Xi'an Jinhe Investment Management Co., Ltd. and supervisors who are indirect shareholders committed that they will 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 after the listing date.
Directors and management personnel indirectly holding shares in the company committed that they will 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 after the listing date. If the closing price of the company's share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company's share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended by 6 months.
XiAn Peri Power Semiconductor Converting Technology Co Ltd is a China-based company mainly engaged in the research and development, production, experimental debugging and sales of power semiconductor devices. The Company's products include thyristor valves for high voltage direct current power transmission, general components and power electronic devices. Its products are used in electric power, rail transit, steel metallurgy, machinery manufacturing, environmental protection, petroleum, chemical industry, automobile manufacturing, shipbuilding, mining, nuclear industry, military industry and other fields. The Company conducts its businesses within the domestic market and to overseas markets.