Certain A Shares of Changshu Tongrun Auto Accessory Co., Ltd. are subject to a Lock-Up Agreement Ending on 30-JUL-2023.
July 29, 2023
Share
Certain A Shares of Changshu Tongrun Auto Accessory Co., Ltd. are subject to a Lock-Up Agreement Ending on 30-JUL-2023. These A Shares will be under lockup for 373 days starting from 22-JUL-2022 to 30-JUL-2023.
Details:
Within 36 months after the listing date, shall 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.
If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months.
During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Within 12 months after the listing date, shall 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.
Changshu Tongrun Auto Accessory Co Ltd is a China-based company mainly engaged in the research and development, manufacturing and sales of various types of jacks and their extended products. The Company's main products include commercial jacks and tools, vehicle-mounted parts and components, professional auto maintenance equipment and outsourced auxiliary products. The vehicle-mounted parts and components are mainly for the complete vehicle market. The commercial jacks and tools, professional auto maintenance equipment and outsourced auxiliary products are mainly for the automotive aftermarket. The Company's products are exported to the United States, Europe and other countries and regions.