Certain A Shares of Miracll Chemicals Co.,Ltd are subject to a Lock-Up Agreement Ending on 20-JUL-2022. These A Shares will be under lockup for 733 days starting from 17-JUL-2020 to 20-JUL-2022.
Details:
The company's actual controller and controlling shareholder, Wan Renhong committed not to transfer or entrust to a third party the companyÆs shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 36 months since the companyÆs share listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect. If any of the parties the companyre to resign within 6 months from the present IPO, neither direct nor indirect holdings might be transferred or sold for 18 months since the date of rescinding. If the parties resign within 7 to 12 months after the IPO, neither direct nor indirect holdings might be transferred or sold for 12 months since the date of rescinding.
Managing personnel, Zhang Sheng, Zhao The companyi, Liu Huguang, Ren Guanglei, Song Hongthe companyi and Guo Shaohong committed not to transfer or entrust to a third party the companyÆs shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 12 months since the companyÆs share listing date. If, within 6 months after the issuer's listing, the closing price of the shares is lothe companyr than issuance price for 20 consecutive trading days or if trading price is lothe companyr than issuance price after 6 months from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties. In the event of a resignation before the expiry of the term of office, the above-mentioned undertaking will continue to be maintained for six months. There will be no transfer of shares, directly or indirectly held, within 18 months from the date of declaration in case of resignation happening within 6 months from the date of listing of the company's shares; the first 7 months from the date of listing of the company's shares To the 12th month betthe companyen the declaration of separation, since the declaration of departure within 12 months from the date of the transfer of the person directly or indirectly, the issuer shares.
The shareholders Hangzhou Shangge Investments Co., Ltd., and Hangzhou Ruichuang Investments Co., Ltd committed not to transfer or entrust to a third party the companyÆs shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 36 months since the companyÆs share listing date. If, within 6 months after the issuer's listing, the closing price of the shares is lothe companyr than issuance price for 20 consecutive trading days or if trading price is lothe companyr than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests.