Certain A Shares of Sinostone(Guangdong) Co., Ltd. are subject to a Lock-Up Agreement Ending on 23-AUG-2023.
August 22, 2023
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Certain A Shares of Sinostone(Guangdong) Co., Ltd. are subject to a Lock-Up Agreement Ending on 23-AUG-2023. These A Shares will be under lockup for 735 days starting from 18-AUG-2021 to 23-AUG-2023.
Details:
The Company?s holding shareholder Zhuhai Yuminghua Enterprise Management Co., Ltd., actual controller Zhou Jun, and shareholder Xiong Hongwen committed: to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. While holding office, Zhou Jun committed to transfer not more than 25% of shares held each year.
The Company?s director Li Zhiqiang and shareholders Zhang Yan, Zhang Qifa, Ma Yulin, Zou Xiaoping, Jiang Hongjie, Liu Heyu, Jiang Yafen, Zhang Wei, Luo Yunlan, Mingqin (Zhuhai) Enterprise Management Partnership Enterprise (Limited Partnership), Hongxing Xizhao Investment Co., Ltd., and Suqian Jurong Industrial Investment Partnership Enterprise (Limited Partnership) committed: to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date. While holding office, Li Zhiqiang committed to transfer not more than 25% of shares held each year.
Sinostone Guangdong Co Ltd is a China-based company engaged in the research and development, production, sales and service of artificial quartz stone decoration materials. The Company's main products are artificial quartz stone plates and artificial quartz stone countertops. The artificial quartz stone countertops are customized products based on the artificial quartz stone plates and processed according to the shape and size required by the customer. The Company's products are widely used in kitchens, sanitary wares, hotels, shopping malls and other indoor building decoration fields. The Company distributes its products within the domestic market and to overseas market.