Certain A Shares of Zhejiang Zomax Transmission Co.,Ltd. are subject to a Lock-Up Agreement Ending on 5-JUN-2018.
June 04, 2018
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Certain A Shares of Zhejiang Zomax Transmission Co.,Ltd. are subject to a Lock-Up Agreement Ending on 5-JUN-2018. These A Shares will be under lockup for 365 days starting from 5-JUN-2017 to 5-JUN-2018.
Details:
The company’s shareholders Wenling Zhongtai Investment Co., Ltd., Zomax Group, actual controllers Wu Jiang, Wu Liangxing and close relative Sheng Guiying committed that within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company, now allow the company to repurchase the said shares.
The other 7 shareholders (Taizhou Zhongzhuo Investment Partnership Enterprise (Limited Partnership), Zhang Chunsheng, Liu Qinglin, Liang Xiaorui, Qi Zikun, Huang Junhui, Gao Qi) committed that within one year after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company, now allow the company to repurchase the said shares.
ZHEJIANG ZOMAX TRANSMISSION CO., LTD. is a China-based company principally engaged in the research and development, manufacturing and sales of automobile transmissions and vehicle gears. The Company's main products include automotive transmissions, automotive gears, motorcycle gears and agricultural machinery gears. The automotive gears mainly include the automobile transmission gears, the automobile steering gears, the automobile oil pump shaft gears and the automobile engine gears. The motorcycle gears mainly include motorcycle engine gears. The agricultural machinery gears mainly include agricultural transmission gears. The Company mainly distributes its products in the domestic and overseas markets.