Certain A Shares of Neway Valve Co., Ltd. are subject to a Lock-Up Agreement Ending on 17-JAN-2015.
January 16, 2015
Share
Certain A Shares of Neway Valve (Suzhou) Co., Ltd. are subject to a Lock-Up Agreement Ending on 17-JAN-2015. These A Shares will be under lockup for 370 days starting from 12-JAN-2014 to 17-JAN-2015.
Details:
The company's shareholders, Suzhou Zhenghe Investment Co., Ltd. (Zhenghe Investment), Tongtai (Hongkong) Co., Ltd. (Tongtai HK), promise that within 36 months after the listing date, will not transfer nor entrust its directly or indirectly owned shares in the company to a third party, nor allow the company to repurchase the shares.
The company's other shareholders, Suzhou Gaoxin International Development Venture Capital Co., Ltd. (Gaoxin International Dev), Suzhou Wuzhong International Development Venture Capital Co., Ltd. (Wuzhong International Dev), Wujiang Dongfang International Development Venture Capital Co., Ltd. (Dongfang International Dev), Suzhou Industrial Park Chenrong Venture Capital Co., Ltd. (Suzhou Chenrong), Suzhou Herong Innovative Capital Management Co., Ltd. (Suzhou Herong), Suzhou Hengrong Venture Capital Co., Ltd. (Suzhou Hengrong), Shanghai Sova Capital Consulting Co., Ltd. (Shanghai Sova), Suzhou Guorun Venture Capital Development Co., Ltd. (Suzhou Guorun), Suzhou Lanyi Venture Capital Co., Ltd. (Suzhou Lanyi), Dafeng Datong Machinery Co., Ltd. (Datong Machinery) promise that within 36 months after September 30, 2009, will not transfer their shares in the company; within 12 months after the listing date, will not transfer nor entrust their directly or indirectly owned shares in the company to a third party, nor allow the company to repurchase the shares.
Neway Valve Suzhou Co Ltd is a China-based company primarily engaged in the production and research and development of industrial valves. The Companyâs main business is to provide customers with industrial valve solutions. The Companyâs main products include ball valves, butterfly valves, gate valves, globe valves, check valves, control valves, nuclear valves, subsea valves, safety valves and other products. The Companyâs products are used in petroleum, natural gas, refining, chemicals, shipbuilding and offshore engineering, power plants, long-distance pipelines, new energy and other industries. The Companyâs other products include actuators, control systems, manifolds, data header and other oil equipment applied to gas and oil industry. The Company conducts its business in the domestic and overseas markets.
NEWAY VALVE (SUZHOU) CO., LTD. 
