Certain A Shares of Hunan Salt Industry Co., Ltd. are subject to a Lock-Up Agreement Ending on 26-MAR-2021.
March 25, 2021
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Certain A Shares of Hunan Salt Industry Co., Ltd. are subject to a Lock-Up Agreement Ending on 26-MAR-2021. These A Shares will be under lockup for 1106 days starting from 16-MAR-2018 to 26-MAR-2021.
Details:
The company's holding shareholder Hunan Qinggong Salt Group Co., Ltd. and its subsidiary Hunan Qinggong Venture Capital Management Co., Ltd. committed that to not 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.
The company's other shareholders committed that to not 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.
Snowsky Salt Industry Group Co Ltd, formerly Hunan Salt Industry Co Ltd, is a China-based company principally engaged in the manufacture and sales of salts and salt chemical products. The Company's products include edible salt, industrial salt, soda ash, caustic soda, ammonium chloride, hydrogen peroxide, Glauber's salt, etc., which are used in food processing, printing and dyeing, daily chemical, glass, textile and other industries.