Certain A-Shares of Jiangsu Luokai Mechanical &Electrical Co., Ltd. are subject to a Lock-Up Agreement Ending on 17-OCT-2020.
October 16, 2020
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Certain A-Shares of Jiangsu Luokai Mechanical &Electrical Co., Ltd. are subject to a Lock-Up Agreement Ending on 17-OCT-2020. These A-Shares will be under lockup for 1104 days starting from 9-OCT-2017 to 17-OCT-2020.
Details:
The company's actual controllers Tan Xing, Zang Wenming, Tang Qimin, Tan Jianping and Chen Mingcheng and the company's shareholders Changzhou Luohui Investment Co., Ltd., Changzhou Luoteng Investment Co., Ltd., Changzhou Luosheng Investment Partnership Enterprise (Limited Partnership) promised they will not transfer nor entrust to others for management direct and indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares within 36 months after the listing date.
The company's shareholders Shanghai Dianke Venture Capital Co., Ltd., Changzhou Runkai Investment Development Co., Ltd. and Shanghai Tianying Investment Management Co., Ltd and the company's directors, supervisors, management personnel Yin Tianwen, Ji Huiyu, Tan Wenguo, Zang Hongwei, Jiang Guodong, Ouyang Hu, Shao Jiaxu, Xu Qijun promised they will not transfer nor entrust to others for management direct and indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares within 12 months after the listing date.
Jiangsu Luokai Mechanical & Electrical Co., Ltd. is a China-based company principally engaged in the research, development, production and sale of key components, accessories, parts and other supporting products of transmission and distribution switch equipment. The Company's main products include low-voltage and high-voltage circuit breaker (drawing) frames, low-voltage circuit breaker operating mechanisms, high-voltage circuit breaker operating mechanisms, other high-voltage transmission and distribution equipment operating mechanisms, circuit breaker accessories and spare parts. The Company's products are mainly used in power distribution facilities of power systems. The Company distributes its products in domestic market and to overseas markets.
JIANGSU LUOKAI MECHANICAL &ELECTRICAL CO., LTD. 
