Certain A Shares of Anhui Coreach Technology Co.,Ltd are subject to a Lock-Up Agreement Ending on 28-APR-2023.
April 27, 2023
Share
Certain A Shares of Anhui Coreach Technology Co.,Ltd are subject to a Lock-Up Agreement Ending on 28-APR-2023. These A Shares will be under lockup for 1103 days starting from 20-APR-2020 to 28-APR-2023.
Details:
The company's actual controllers the couple Peng You and Wang Lingli, the shareholders of the issuer Anhui Xinhui Investment Partnership (Limited Partnership), Hefei Xinzhi Information Consulting Partnership (Limited Partnership), Peng Qingbao, Dai Yongjian and Li Quanyong, Tang Xiansheng, Wang Guangzhao, Zhang Honggui, Wu Qi, directors and senior managers, Supervisors Su Hua, Ding Lei and Tao Li who hold the issuer's shares who hold shares of the issuer indirectly committed that within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. 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 shareholder of the issuer Shenzhen Nanshan Chuangwei Information Technology Industry Venture Capital Fund (Limited Partnership), Wu Chunyin and other 8 natural person shareholders, Wang Pengsheng, the Issuer Shareholder, and Deputy General Manager promised that within 12 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. 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.
Anhui Coreach Technology Co Ltd is a company mainly engaged in the development, design, manufacturing and sales of new type display photovoltaic systems, as well as the provision of technical services. The Company's products comprise of new type display photoelectric systems and intelligent and healthy light source systems. The new type display photoelectric systems include direct backlight photoelectric systems, side backlight photoelectric systems and quantum dot display photoelectric systems. The Company sells its products both in the domestic and international markets, including India and other Southeast Asian countries.