Certain A Shares of Xinya Electronic Co., Ltd. are subject to a Lock-Up Agreement Ending on 6-JAN-2022.
January 05, 2022
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Certain A Shares of Xinya Electronic Co., Ltd. are subject to a Lock-Up Agreement Ending on 6-JAN-2022. These A Shares will be under lockup for 365 days starting from 6-JAN-2021 to 6-JAN-2022.
Details:
The controlling shareholder Lixin Holdings, shareholders Yueqing Hongxin and Zhao Peiyi promised that, they shall not transfer or entrust others to manage the companys directly or indirectly held shares before the issuers public offering of shares within 36 months from the date when the issuers shares are listed, nor shall the issuer repurchase the capital.
Zhao Zhanbing, the actual controller of the company promised that within 36 months from the date of the listing, that them shall not transfer or entrust others to manage the shares directly or indirectly held before the issuers public offering of shares, nor shall the issuer repurchase directly or except for the aforementioned lock-up period, during the period of the issuers directorship, the issuers shares held directly or indirectly held by them shall not be transferred every year by more than their direct or indirect shares. Indirectly holds 25% of the issuers total shares and within half a year after resignation, the companys shares held directly or indirectly by them shall not be transferred.
Chen Huahui, Shi Liujian, Yang Wenhua, Chen Jingmiao, the Directors and senior managers and Zhu Jiali, a Supervisor promised that within 12 months from the date when the issuers shares are listed on the stock exchange, not to transfer or entrust other, the shares issued before the issuers public issuance of shares that they directly or indirectly hold, and the issuer shall not repurchase the issuers shares that they directly or indirectly hold before the issuers public issuance of shares. Except for the aforementioned lock-up Outside the period, during the period when they serve as a director or senior manager of the issuer, they will transfer the issuers shares directly or indirectly held by them each year not exceeding 25% of the issuers total shares held by them directly or indirectly.
Huang Darong, Huang Dingyu and Fang Xiaobo, and Xiang He Yongyuan, Wenzhou Ourui, Wenzhou Junquanxin, Zhejiang Mintou Loctite, Ganzhou Junquanxin, the other shareholders of the company promised that, within 12 months from the date when the issuers shares are listed on the stock exchange, the issuers shares that have been issued before the issuers public offering held directly or indirectly held by the issuer shall not be transferred or entrusted to others to manage, nor shall the issuer be repurchased by the issuer, the shares issued by the issuer directly or indirectly held by them/the company before the public offering of shares.
Xinya Electronic Co Ltd is a China-based company mainly engaged in the research and development, manufacturing and sales of fine electronic wires. The Company's main products include consumer electronics and industrial control wires, automotive electronic wires, high-frequency data wires and special wires, which are principally used in household appliances, computers, intelligent offices, industrial control equipment, automotive electronics, data servers, new energy technology and other fields. The Company distributes its products in domestic market and to overseas markets.