Certain A Shares of Zhejiang Dayuan Pumps Industry Co., Ltd are subject to a Lock-Up Agreement Ending on 11-JUL-2020.
July 10, 2020
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Certain A Shares of Zhejiang Dayuan Pumps Industry Co., Ltd are subject to a Lock-Up Agreement Ending on 11-JUL-2020. These A Shares will be under lockup for 1104 days starting from 3-JUL-2017 to 11-JUL-2020.
Details:
Company holding stockholder and actual controller Han Yuanfu, Han Yuanping, Wang Guoliang, Han Yuanzai, Xu Weijiang and shareholders Zhang Dong, Chen Yonglin, Xu Weixing and Lin Zhenta committed to not to transfer nor entrust to a third party the shares directly or indirectly held in the company, nor allow the company to repurchase the said shares within 36 months from the listing date of the company's shares.
The company's other shareholders Xiao Haibang, Hu Xiaojun, Yang Dezheng and Cui Pule committed that not to transfer nor entrust to a third party the shares directly or indirectly held in the company prior to this offering, nor allow the company to repurchase directly or indirectly the said shares within 12 months from the listing date of the company's shares.
Zhejiang Dayuan Pumps Industry Co., Ltd. is a China-based company principally engaged in the research and development, manufacture and sales of all kinds of pumps. The Company's main products include small submersible pumps, deep well submersible pumps, onshore pumps and other agricultural pumps, as well as shielded pumps. The agricultural pumps are mainly used for agriculture and forestry irrigation and drainage, animal husbandry sewage discharge and peasant life drainage. The shielding pumps are mainly used in chemical, power, heating ventilation air conditioning (HVAC) and other industries.