{"id":12465,"date":"2022-10-07T20:15:00","date_gmt":"2022-10-07T20:15:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3896124_CN96124_0"},"modified":"2022-10-07T20:15:00","modified_gmt":"2022-10-07T20:15:00","slug":"fuwei-shareholder-receives-partial-waiver-regarding-lock-up","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=12465","title":{"rendered":"Fuwei Shareholder Receives Partial Waiver Regarding Lock-up"},"content":{"rendered":"<p><span class=\"legendSpanClass\"><span class=\"xn-location\">BEIJING<\/span>, Oct. 8, 2022 \/PRNewswire\/ &#8212;&nbsp;Fuwei Films (Holdings) Co., Ltd. (Nasdaq: FFHL) (&#8220;Fuwei Films&#8221; or the &#8220;Company&#8221;), a manufacturer and distributor of high-quality BOPET plastic films in <span class=\"xn-location\">China<\/span>, today announced that BaiJiaYun Limited (&#8220;BaiJiaYun&#8221;) entered into a letter with Apex Glory Holdings Limited (&#8220;Apex&#8221;) on <span class=\"xn-chron\">October 6, 2022<\/span> (the &#8220;Letter&#8221;), exempting Apex from limitations on disposition with respect to certain equity securities held by it in Fuwei Films as set forth in the lock-up agreement (the &#8220;Lock-up Agreement&#8221;) dated <span class=\"xn-chron\">July 18, 2022<\/span> entered into by and between BaiJiaYun and Apex.<\/span><\/p>\n<p>As disclosed in the Schedule 13D\/A filed on <span class=\"xn-chron\">July 19, 2022<\/span> and the proxy statement filed on <span class=\"xn-chron\">August 22, 2022<\/span>, the Lock-up Agreement provides that any equity securities held by Apex in Fuwei Films as of <span class=\"xn-chron\">July 18, 2022<\/span> (together with any securities paid as dividends or distributions with respect to such securities or into which such securities are exchanged or converted) shall be subject to limitations on disposition as set forth in the Lock-Up Agreement (the &#8220;Limitations&#8221;). By entry into of the Letter, a total number of 605,147 ordinary shares of Fuwei Films held by Apex (the &#8220;Exempted Securities&#8221;) shall be exempted from the Limitations.<\/p>\n<p><b>About Fuwei Films<\/b><\/p>\n<p>Fuwei Films conducts its business through its wholly owned subsidiary, Fuwei Films (<span class=\"xn-location\">Shandong<\/span>) Co., Ltd. (&#8220;Fuwei Shandong&#8221;). Fuwei Shandong develops, manufactures and distributes high-quality plastic films using the biaxial oriented stretch technique, otherwise known as BOPET film (biaxially oriented polyethylene terephthalate). Fuwei&#8217;s BOPET film is widely used to package food, medicine, cosmetics, tobacco, and alcohol, as well as in the imaging, electronics, and magnetic products industries.<\/p>\n<p id=\"PURL\"><img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN96124&amp;sd=2022-10-07\"> View original content:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/fuwei-shareholder-receives-partial-waiver-regarding-lock-up-301643773.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/fuwei-shareholder-receives-partial-waiver-regarding-lock-up-301643773.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING, Oct. 8, 2022 \/PRNewswire\/ &#8212;&nbsp;Fuwei Films (Holdings) Co., Ltd. (Nasdaq: FFHL) (&#8220;Fuwei Films&#8221; or the &#8220;Company&#8221;), a manufacturer and distributor of high-quality BOPET plastic films in China, today announced that BaiJiaYun Limited (&#8220;BaiJiaYun&#8221;) entered into a letter with Apex Glory Holdings Limited (&#8220;Apex&#8221;) on October 6, 2022 (the &#8220;Letter&#8221;), exempting Apex from limitations on [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-12465","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fuwei Shareholder Receives Partial Waiver Regarding Lock-up - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=12465\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fuwei Shareholder Receives Partial Waiver Regarding Lock-up - My Blog\" \/>\n<meta property=\"og:description\" content=\"BEIJING, Oct. 8, 2022 \/PRNewswire\/ &#8212;&nbsp;Fuwei Films (Holdings) Co., Ltd. (Nasdaq: FFHL) (&#8220;Fuwei Films&#8221; or the &#8220;Company&#8221;), a manufacturer and distributor of high-quality BOPET plastic films in China, today announced that BaiJiaYun Limited (&#8220;BaiJiaYun&#8221;) entered into a letter with Apex Glory Holdings Limited (&#8220;Apex&#8221;) on October 6, 2022 (the &#8220;Letter&#8221;), exempting Apex from limitations on [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/transmediavictoria.net.au\/?p=12465\" \/>\n<meta property=\"og:site_name\" content=\"My Blog\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-07T20:15:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN96124&amp;sd=2022-10-07\" \/>\n<meta name=\"author\" content=\"admin_tony\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin_tony\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=12465#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=12465\"},\"author\":{\"name\":\"admin_tony\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#\\\/schema\\\/person\\\/5b51d407d652c0aa802bea269ea5d7e7\"},\"headline\":\"Fuwei Shareholder Receives Partial Waiver Regarding Lock-up\",\"datePublished\":\"2022-10-07T20:15:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=12465\"},\"wordCount\":272,\"image\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=12465#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CN96124&amp;sd=2022-10-07\",\"articleSection\":[\"Business News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=12465\",\"url\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=12465\",\"name\":\"Fuwei Shareholder Receives Partial Waiver Regarding Lock-up - My Blog\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=12465#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=12465#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CN96124&amp;sd=2022-10-07\",\"datePublished\":\"2022-10-07T20:15:00+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#\\\/schema\\\/person\\\/5b51d407d652c0aa802bea269ea5d7e7\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=12465#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=12465\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=12465#primaryimage\",\"url\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CN96124&amp;sd=2022-10-07\",\"contentUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CN96124&amp;sd=2022-10-07\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=12465#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/transmediavictoria.net.au\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fuwei Shareholder Receives Partial Waiver Regarding Lock-up\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#website\",\"url\":\"https:\\\/\\\/transmediavictoria.net.au\\\/\",\"name\":\"My Blog\",\"description\":\"My WordPress Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#\\\/schema\\\/person\\\/5b51d407d652c0aa802bea269ea5d7e7\",\"name\":\"admin_tony\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/102836fe5f9cd6c64e96e90e7341dbc815b7d12726a85708326dc0db40afd906?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/102836fe5f9cd6c64e96e90e7341dbc815b7d12726a85708326dc0db40afd906?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/102836fe5f9cd6c64e96e90e7341dbc815b7d12726a85708326dc0db40afd906?s=96&d=mm&r=g\",\"caption\":\"admin_tony\"},\"url\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?author=8\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Fuwei Shareholder Receives Partial Waiver Regarding Lock-up - My Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/transmediavictoria.net.au\/?p=12465","og_locale":"en_US","og_type":"article","og_title":"Fuwei Shareholder Receives Partial Waiver Regarding Lock-up - My Blog","og_description":"BEIJING, Oct. 8, 2022 \/PRNewswire\/ &#8212;&nbsp;Fuwei Films (Holdings) Co., Ltd. (Nasdaq: FFHL) (&#8220;Fuwei Films&#8221; or the &#8220;Company&#8221;), a manufacturer and distributor of high-quality BOPET plastic films in China, today announced that BaiJiaYun Limited (&#8220;BaiJiaYun&#8221;) entered into a letter with Apex Glory Holdings Limited (&#8220;Apex&#8221;) on October 6, 2022 (the &#8220;Letter&#8221;), exempting Apex from limitations on [&hellip;]","og_url":"https:\/\/transmediavictoria.net.au\/?p=12465","og_site_name":"My Blog","article_published_time":"2022-10-07T20:15:00+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN96124&amp;sd=2022-10-07","type":"","width":"","height":""}],"author":"admin_tony","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin_tony","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/transmediavictoria.net.au\/?p=12465#article","isPartOf":{"@id":"https:\/\/transmediavictoria.net.au\/?p=12465"},"author":{"name":"admin_tony","@id":"https:\/\/transmediavictoria.net.au\/#\/schema\/person\/5b51d407d652c0aa802bea269ea5d7e7"},"headline":"Fuwei Shareholder Receives Partial Waiver Regarding Lock-up","datePublished":"2022-10-07T20:15:00+00:00","mainEntityOfPage":{"@id":"https:\/\/transmediavictoria.net.au\/?p=12465"},"wordCount":272,"image":{"@id":"https:\/\/transmediavictoria.net.au\/?p=12465#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN96124&amp;sd=2022-10-07","articleSection":["Business News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/transmediavictoria.net.au\/?p=12465","url":"https:\/\/transmediavictoria.net.au\/?p=12465","name":"Fuwei Shareholder Receives Partial Waiver Regarding Lock-up - My Blog","isPartOf":{"@id":"https:\/\/transmediavictoria.net.au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/transmediavictoria.net.au\/?p=12465#primaryimage"},"image":{"@id":"https:\/\/transmediavictoria.net.au\/?p=12465#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN96124&amp;sd=2022-10-07","datePublished":"2022-10-07T20:15:00+00:00","author":{"@id":"https:\/\/transmediavictoria.net.au\/#\/schema\/person\/5b51d407d652c0aa802bea269ea5d7e7"},"breadcrumb":{"@id":"https:\/\/transmediavictoria.net.au\/?p=12465#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/transmediavictoria.net.au\/?p=12465"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/transmediavictoria.net.au\/?p=12465#primaryimage","url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN96124&amp;sd=2022-10-07","contentUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN96124&amp;sd=2022-10-07"},{"@type":"BreadcrumbList","@id":"https:\/\/transmediavictoria.net.au\/?p=12465#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/transmediavictoria.net.au\/"},{"@type":"ListItem","position":2,"name":"Fuwei Shareholder Receives Partial Waiver Regarding Lock-up"}]},{"@type":"WebSite","@id":"https:\/\/transmediavictoria.net.au\/#website","url":"https:\/\/transmediavictoria.net.au\/","name":"My Blog","description":"My WordPress Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/transmediavictoria.net.au\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/transmediavictoria.net.au\/#\/schema\/person\/5b51d407d652c0aa802bea269ea5d7e7","name":"admin_tony","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/102836fe5f9cd6c64e96e90e7341dbc815b7d12726a85708326dc0db40afd906?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/102836fe5f9cd6c64e96e90e7341dbc815b7d12726a85708326dc0db40afd906?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/102836fe5f9cd6c64e96e90e7341dbc815b7d12726a85708326dc0db40afd906?s=96&d=mm&r=g","caption":"admin_tony"},"url":"https:\/\/transmediavictoria.net.au\/?author=8"}]}},"_links":{"self":[{"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=\/wp\/v2\/posts\/12465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12465"}],"version-history":[{"count":0,"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=\/wp\/v2\/posts\/12465\/revisions"}],"wp:attachment":[{"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}