Certain A Shares of Xiangyang BOYA Precision Industrial Equipments Co., Ltd are subject to a Lock-Up Agreement Ending on 16-APR-2023.
April 15, 2023
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Certain A Shares of Xiangyang BOYA Precision Industrial Equipments Co., Ltd are subject to a Lock-Up Agreement Ending on 16-APR-2023. These A Shares will be under lockup for 739 days starting from 7-APR-2021 to 16-APR-2023.
Details:
The company's holding shareholders, actual controlling shareholder and relative of holding shareholders and actual controllers: Li Wenxi, Cen Hong and Tan Zhibin committed that within 36 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. 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 shall automatically be extended for 6 months. During the term of office as the company's director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Natural person shareholders who are members of the board of directors, members of supervisory board and senior management personnel, except Li Wenxi, committed that within 12 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. During the term of office as the company's director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
The shareholders with more than 5% shareholding: Ningbo Meishan Free Trade Port Area Fengnian Junyue Investment Partnership Enterprise (L.P.); Ningbo Fengnian Junsheng Investment Partnership Enterprise (Limited Partnership) committed that within Within 12 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.
Xiangyang BOYA Precision Industrial Equipments Co Ltd is a China-based company mainly engaged in the research and development, manufacture and sales of precision equipment and key parts for sheet and strip forming and processing, as well as supporting parts for special equipment. The Company's strip forming precision equipment and key parts mainly include high-end equipment and parts for the steel and non-ferrous metallurgy industries. The Company's special equipment supporting parts are mainly key parts and structural parts of special vehicles. The Company distributes its products in domestic and to overseas markets.