Certain A Shares of Zhejiang Yayi Metal Technology Co.,Ltd are subject to a Lock-Up Agreement Ending on 23-DEC-2023.
December 22, 2023
Share
Certain A Shares of Zhejiang Yayi Metal Technology Co.,Ltd are subject to a Lock-Up Agreement Ending on 23-DEC-2023. These A Shares will be under lockup for 739 days starting from 14-DEC-2021 to 23-DEC-2023.
Details:
Controlling shareholder Ye Yueting, Actual controllers Ye Yueting, Jin Feichun, Ye Jinpan, Directors/Supervisors indirectly holding shares of the Company Pan Hongxing, Niu Weihong, Yao Cheng committed that within 36 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months. During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Shareholder Wuyi Qinyi Investment Partnership Enterprise (Limited Partnership), Shareholders Jin Xinjun, Wang Shaoming have committed that within 36 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.
Shareholders serving as Directors/Supervisors/Senior Manager of the Company Xuan Hangjuan, Cheng Liying, Ye Yongquan have committed that within 12 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months. During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Shareholders Huang Yuejun, Jin Xinsheng, Wu Shifeng, Hu Shengli, Wang Mingchun, Ying Lizhen have committed that within 12 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.
Others have committed that during the term of office of the natural person shareholder of the Enterprise as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Zhe jiang Yayi Metal Technology Co Ltd is a China-based company engaged in the research and development (R&D), design, production and sales of outdoor leisure furniture. The Company's main products include brazier series products and gas furnace series products. The Brazier series products are divided into brazier and brazier table, including iron brazier, copper brazier, cast iron brazier, slate brazier table, ceramic tile table and others. The gas furnace series products are divided into gas stove and gas stove table, including ceramic tile gas stove table, slate gas stove table, iron gas stove table and others. The Company's products are mainly exported to the United States, Canada and other countries.