Certain A-Shares of Anhui Landun Photoelectron Co., Ltd. are subject to a Lock-Up Agreement Ending on 24-AUG-2021.
August 23, 2021
Share
Certain A-Shares of Anhui Landun Photoelectron Co., Ltd. are subject to a Lock-Up Agreement Ending on 24-AUG-2021. These A-Shares will be under lockup for 378 days starting from 11-AUG-2020 to 24-AUG-2021.
Details:
The Company’s holding shareholder and actual controller Yuan Shuigang, joint controller Wang Wenjuan, and shareholder Anhui Hi-tech Jintong Anyi Phase II Venture Capital Fund (Limited Partnership) 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. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding. If within 6 months after the issuer's 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 namely Tongling Baiyi Investment Center (Limited Partnership), Qian Jiang, Xia Maoqing, Guo Jian, Liu Hong and Zhang Haiyan and 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.
Anhui Landun Photoelectron Co Ltd is a China-based company mainly engaged in the manufacture of high-end analytical and measuring instruments, software development, system integration and engineering, operation and maintenance services, data services and the production of military radar components. Its products and services include LGH-01 continuous automatic air quality monitoring system, LDR patrol speed radar, LDR-6 vehicle speed detector, FX400-3-GDX 05 road traffic signal light, intelligent monitoring and recording system of road vehicles, automatic recording system of red light running, convergence and sharing platform of intelligent transportation equipment, DSG2 precipitation meter, operation and maintenance services and data services. Its products and services are mainly used in environmental monitoring, traffic management, meteorological observation, military radar and other fields. The Company operates its businesses in the China market.