Certain A Shares of Zhejiang Risun Intelligent Technology Co.,Ltd are subject to a Lock-Up Agreement Ending on 28-AUG-2021.
August 27, 2021
Share
Certain A Shares of Zhejiang Risun Intelligent Technology Co.,Ltd are subject to a Lock-Up Agreement Ending on 28-AUG-2021. These A Shares will be under lockup for 373 days starting from 20-AUG-2020 to 28-AUG-2021.
Details:
The company’s actual controller and holding shareholder Yuan Feng committed not to 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 from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.
The company’s shareholders Ningbo High-Tech Zone Ruize High-Tech Equity Investment Partnership Enterprise (Limited Partnership) and Yuan Zuolin committed not to 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 from the listing date.
Directors and senior management Lv Meng and Yu Yunlin and supervisors Sun Jianguo and Qian Yehui committed not to 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 from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.
The other shareholders committed not to 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 from the listing date.
Zhejiang Risun Intelligent Technology Co Ltd is a company engaged in research and development, production and sales of intelligent logistics systems. The Company's products include intelligent logistics systems, such as hanging production systems and warehousing and sorting systems, as well as production management information software systems and comprehensive intelligent logistics systems. Its products are used in apparel, home textiles and auto parts industries. The Company sells its products to both domestic and international markets, including Vietnam, Cambodia and Myanmar.