Certain A shares of Guangzhou Haoyang Electronic Co.,Ltd. are subject to a blocking agreement ending 27-MAR-2022.

Certain A shares of Guangzhou Haoyang Electronic Co.,Ltd. are subject to a blocking agreement ending 27-MAR-2022. These A Shares will be blocked for 677 days from 19-MAY-2020 to 27-MAR-2022. Details: Jiang Weikai, the majority shareholder and actual controller of the company, and the actual controller Jiang Weiquan and Jiang Weihong and Lin Su as persons acting in concert with Jiang Weikai and Jiang Weiquan hereby promise that within 36 months following the date of registration of the present shares, there will be no transfer or delegation of shares to a third party or redemption by the Company. If, within 6 months of the listing of the issuer, the closing price of the shares is lower than the issue price for 20 consecutive trading days or if the share price is lower than the issue price after 6 months from the listing, the period of unavailability will be automatically extended by another 6 months. If the parties intend to reduce the participation within 2 years following the expiry of the retention period, the participation price may not be lower than the issue price. The company shareholder Guangzhou Huying Investment Partnership (Limited Partnership) (Huying Investment) hereby promises that within 5 years from the date of completion of registration of industrial and commercial change of capital increase from the company to the issuer (March 27, 2017), the party refrains from transferring or entrusting to others the direct or indirect management of the shares, nor from buying back the shares from a third party. And within 36 months from the date of listing of the shares of the company, the company does not transfer or entrust to others the management of the shares held by the issuer that the company held directly or indirectly before the public issue of the shares, nor that the company has redeemed the shares. The directors and senior executives of the company who indirectly hold company shares, Xu Kaiqi, Lao Jiewei, Xiao Cuijuan, Xie Chengzhi, Huang Qiancheng, and the company supervisors Chen Jiayi, Chen Huae and Li Bin who indirectly hold shares shares of the company hereby promise that as a capital contribution holder of Huying Investment, within 5 years from the date of completion of the industrial and commercial change of registration of the capital increase of the company to the issuer (March 27, 2017) and 36 months from the date of listing of the shares present, the parties must not transfer or entrust to others the direct or indirect management of the shares, nor to the issuer the redemption of the shares. If, within 6 months of the listing of the issuer, the closing price of the shares is lower than the issue price for 20 consecutive trading days or if the share price is lower than the issue price after 6 months from the listing, the period of unavailability will be automatically extended by another 6 months. If, within 6 months of the listing of the issuer, the closing price of the shares is lower than the issue price for 20 consecutive trading days or if the share price is lower than the issue price after 6 months from the listing, the period of unavailability will be automatically extended by another 6 months. If the parties intend to reduce the participation within 2 years following the expiry of the retention period, the participation price may not be lower than the issue price. After the expiry of the period of unavailability, the parties undertake that the annual share transfers they carry out will not exceed 25% of the participation, both direct and indirect, held by the present parties. .

Comments are closed.