Certain A Shares of CIMC Vehicles Co., Ltd. are subject to a Lock-Up Agreement Ending on 8-JUL-2024.
July 07, 2024
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Certain A Shares of CIMC Vehicles (Group) Co., Ltd. are subject to a Lock-Up Agreement Ending on 8-JUL-2024. These A Shares will be under lockup for 1099 days starting from 5-JUL-2021 to 8-JUL-2024.
Details:
The company?s holding shareholder China International Marine Containers (Group) Co., Ltd. promised within 36 months after the listing date, will 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.
The company?s directors Wang Yu, Li Guiping, Zeng Beihua, management personnel Li Zhimin, Ye Jianfeng, Jiang Qiwen, Sun Chun?an, Supervisors Liu Hongqing, Li Xiaofu promised, Shanghai Taifu Xiangzhong Equity Investment Fund Partnership Enterprise (Limited Partnership), Taizhou Tai Fu Xiang Yun Equity Investment Partnership (Limited Partnership),Xiangshan Huajin Industrial Investment Partnership Enterprise (Limited Partnership), Shenzhen Longyuan Gangcheng Enterprise Management Center (Limited Partnership), Shenzhen Nanshan Dacheng New Material Investment Partnership Enterprise (Limited Partnership), within 12 months after the listing date, will 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. After the expiration of the lockup period, during the term of service as the company?s director/management personnel, the number of shares in the company transferred each year will not exceed 25% of the total shares held in the company.
CIMC Vehicles Group Co Ltd is a China-based company principally engaged in the production, manufacturing and sales of semi-trailers, special-purpose vehicle tops and complete vehicles, refrigerated vans and complete vehicles. Its semi-trailer products include container frame vehicles, flatbed vehicles and their derivatives, side curtain semi-trailers, van semi-trailers, refrigerated semi-trailers, tank semi-trailers and special category semi-trailers. Special-purpose vehicle top and complete vehicle products include urban dump truck top and complete vehicles, concrete mixer top and complete vehicles. Semi-trailer and special vehicle parts include various parts in the operation and maintenance process of various models, mainly axles, tires, axle ends and braking systems. The Company conducts its businesses both in the domestic market and overseas markets.