Certain A Shares of Hunan Junxin Environmental Protection Co., Ltd. are subject to a Lock-Up Agreement Ending on 13-APR-2023.
April 12, 2023
Share
Certain A Shares of Hunan Junxin Environmental Protection Co., Ltd. are subject to a Lock-Up Agreement Ending on 13-APR-2023. These A Shares will be under lockup for 372 days starting from 6-APR-2022 to 13-APR-2023.
Details:
The company's controlling shareholder, Hunan Junxin Environmental Protection Group Co., Ltd., and Shareholding platform and Other natural person shareholders promised that 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.
The company's actual controller, Dai Daoguo, promised that 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. After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.
Shareholder He Yingpin promises as follows that Within 12 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.
Hunan Junxin Environmental Protection Co Ltd is a China-based company principally engaged in solid waste treatment business. The Company's main businesses include waste incineration power generation, sludge disposal, leachate sewage treatment, landfill and ash treatment and disposal. The Company is also engaged in the investment, operation and management of treatment and disposal facilities for domestic waste, municipal sludge, landfill leachate and ash, as well as domestic waste treatment facilities. The Company mainly sells power to local enterprises operating power grid. The Company mainly conducts its businesses in the domestic market.