Certain A Shares of Changchun Engley Automobile Industry Co.,Ltd. are subject to a Lock-Up Agreement Ending on 15-APR-2024.
April 14, 2024
Share
Certain A Shares of Changchun Engley Automobile Industry Co.,Ltd. are subject to a Lock-Up Agreement Ending on 15-APR-2024. These A Shares will be under lockup for 1102 days starting from 9-APR-2021 to 15-APR-2024.
Details:
The company?s holding shareholder Cayman Engley Industrial Co., Ltd., actual controllers? company Changchun Hongyun Cloud Technology Co., Ltd., and actual controllers Lin Qibin, Chen Rongnuan, Lin Shangwei, Lin Shangqi, and Lin Zhenyin committed not to 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.
The company?s other shareholders committed not to 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.
Changchun Engley Automobile Industry Co Ltd is a China-based company mainly engaged in the design, research and development, manufacturing and sales of body structure parts and collision avoidance system parts. The Company's main products include metal parts and non-metal parts. Its metal parts include instrument panel skeletons, anti-collision beams, door sills, electric vehicle (EV) battery lower shells and other body stamping parts. Its non-metallic components include the front frames, underbody guards, spare tire compartment, EV battery upper shells, battery trays and wheel covers. The Company also produces and sells molds related to auto parts. The Company mainly conducts its businesses within domestic market.