Certain A Shares of Wuxi Paike New Materials Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 26-AUG-2021.
August 25, 2021
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Certain A Shares of Wuxi Paike New Materials Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 26-AUG-2021. These A Shares will be under lockup for 375 days starting from 16-AUG-2020 to 26-AUG-2021.
Details:
Company holding stockholder and actual controller Shi Yufeng, Zong Liping and an enterprise controlled by holding stockholder, shareholders indirectly holding shares in the company through Wuxi Zhongzhi Hengda Investment Enterprise (Limited Partnership), namely, Xu Chaohui, Shan Jingxi, Yin Wenyun and actual controller Shi Yufeng, Wuxi Paike Trading Co., Ltd. promised within 36 months after the listing date, will not transfer nor entrust to others for management shares directly or indirectly held in the company, nor allow the company to repurchase the said shares.
Shareholder holding more than 5% shares, Wuxi Qianfeng Investment Partnership Enterprise (Limited Partnership), Company shareholder Wuxi Zhongzhi Hengda Investment Enterprise (Limited Partnership), direct and indirect shareholders of company shares and serving as company director and senior management personnel, namely, Xiao Ping, Zong Wei and Liu Bo, Direct or indirect shareholders of company shares and serving as director and senior management personnel, namely, Li Yaojun, Li Lubin and Yan Guohua and Shares indirectly holding shares in the company through Wuxi Zhongzhi Hengda Investment Enterprise (Limited Partnership) and serving as company supervisor, namely, Lu Lingjuan, Qian Xiaobing promised within 12 months after the listing date, will not transfer nor entrust to others for management shares held in the company prior to this offering, nor allow the company to repurchase the said shares.
Wuxi Paike New Materials Technology Co Ltd is mainly engaged in research and development, production and sales of metal forgings. The Company's products are comprised of rolled ring forgings, free forgings and precision die forgings, which are used in aviation, aerospace, shipbuilding, electric power, petrochemical and other machinery. The products include aircraft engine casings, bearing rings, rocket engine casings, leaf rings, flanges, wind power gears and transmission gear blanks. The Company is also involved in providing processing, research and development, as well as performance testing services.