Certain A Shares of Wuxi DK Electronic Materials Co.,Ltd. are subject to a Lock-Up Agreement Ending on 18-JUN-2023.
June 17, 2023
Share
Certain A Shares of Wuxi DK Electronic Materials Co.,Ltd. are subject to a Lock-Up Agreement Ending on 18-JUN-2023. These A Shares will be under lockup for 1102 days starting from 11-JUN-2020 to 18-JUN-2023.
Details:
The Company's controlling shareholder Shi Weili promised within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. Yan Jingmei, actual controller of the Company promised within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. Wuxi Shanghuijia Trading Partnership (Limited Partnership)?Wuxi Diyinke Trade Partnership Enterprise (Limited Partnership), Wuxi Saideke Trade Partnership Enterprise (Limited Partnership) promised within 36 months since the date of listing of the present shares, there will be no transfers nor entrustment of sharess to any third party nor repurchase by the Company. Indirect shareholder and director of the Company, Chen Guozhen promised within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower 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. 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.
Shareholders Xinjiang TCL Equity Investment Co., Ltd.?Qian Yaping, Xu Qiulan, Shenzhen Fuhai New Material Equity Investment Fund (Limited Partnership), Shenzhen Fuhai New Material Second Phase Venture Capital Fund Partnership (Limited Partnership) promised within 12 months since the date of listing of the present shares, there will be no transfers nor entrustment of shares to any third party nor repurchase by the Company.
Wuxi DK Electronic Materials Co Ltd is a China-based company mainly engaged in the research and development, manufacturing and sales of new electronic paste and other electronic materials. Its main product is silver paste for crystalline silicon solar cells. The Company also develops and promotes solar adhesive tile component conductive adhesives, packaging and assembly materials for semiconductors and display lighting. The Company distributes its products in domestic market and to overseas markets.