Certain A Shares of Techshine Electronics Co.,Ltd. are subject to a Lock-Up Agreement Ending on 1-NOV-2023.
November 31, 2023
Share
Certain A Shares of Techshine Electronics Co.,Ltd. are subject to a Lock-Up Agreement Ending on 1-NOV-2023. These A Shares will be under lockup for 378 days starting from 19-OCT-2022 to 1-NOV-2023.
Details:
The Company?s actual controllers Wang Siwei, Wang Sizhen, and Fan Xiaoyun and Lao Kehao, a new shareholder of the Company?s shareholder Guangxi Tianna Investment Partnership Enterprise 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. 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 lock-up has expired, while holding office, they committed to not transfer more than 25% of shares held each year.
The Company?s directors and senior management and The Company?s shareholders Li Xiaoyong, Yang Jianping, Dai Jianbo, Zhou Yilin, Guangxi Tianna Investment Partnership Enterprise (Limited Partnership), Luo Zhenqing, Guangxi Qiyu Investment Partnership Enterprise (Limited Partnership), Dai Xueping, Shenzhen Zhongjin Lanhai Asset Management Co., Ltd., Sun Qiang, Shenzhen Huiyin Fucheng No. 9 Investment Partnership Enterprise (Limited Partnership), Yin Yejun, Liang Xiao, Wang Kunlun, Peng Hongcun, Deng Yongfeng, Zhuo Wanghua, Gao Dan, and Zhou Nan and the Company?s supervisors 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.
After the lock-up has expired, while holding office, the directors, senior management, and supervisors committed to not transfer more than 25% of shares held each year.
After the lock-up has expired, while holding office, the supervisors committed to not transfer more than 25% of shares held each year.
Techshine Electronics Co Ltd is a China-based company primarily engaged in the research and development, design, production and sales of customized liquid crystal display (LCD) screens and display modules in the display field. The Company's main products include monochrome liquid crystal displays, monochrome liquid crystal display modules and color liquid crystal display modules. The Company's products are mainly used in smart home, smart financial data terminals, communication equipment, industrial control and automation, livelihood energy, health care, automotive electronics and other industries. The Company primarily conducts its businesses in domestic and overseas markets.