Certain A Shares of Zhejiang Zhengte Co., Ltd. are subject to a Lock-Up Agreement Ending on 19-SEP-2023.
September 18, 2023
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Certain A Shares of Zhejiang Zhengte Co., Ltd. are subject to a Lock-Up Agreement Ending on 19-SEP-2023. These A Shares will be under lockup for 370 days starting from 14-SEP-2022 to 19-SEP-2023.
Details:
The company?s controlling shareholder Linhai Zhengte Investment Co., Ltd., the company?s actual controller Chen Yonghui, the company?s shareholder and Chen Yonghui?s person acting in concert Chen Huajun and the company?s shareholder Linhai Zhengte Investment Management Partnership Enterprise (LP) committed that within 36 months from the listing date, will not transfer nor entrust other parties for the management of the company?s shares held prior to this IPO, nor allow the company to repurchase the said shares.
After the expiration of the lockup period, during the term of office in the company as director, supervisor, management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
The company?s shareholder and supervisor Hou Xiaohua and the company?s shareholders Zhejiang Weixing Venture Capital Co., Ltd. committed that: within 12 months from the listing date, will not transfer nor entrust other parties for the management of the company?s shares held prior to this IPO, nor allow the company to repurchase the said shares.
After the expiration of the lockup period, during the term of office in the company as director, supervisor, management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Zhejiang Zhengte Co Ltd is a China-based company principally engaged in the research, development, production and sales of solar shading products. The Companyâs main products are awnings and awning umbrellas. The Company also offers outdoor recreational furniture and products such as pet house, outdoor furniture, and drying equipment. The Company distributes products through diversified sales channels such as chain supermarkets, electronic commerce, and brand distributors. The Company distributes products both in the domestic market and to overseas markets, including the United States, France, Germany, and Netherlands, among others.