Certain A Shares of Chutian Dragon Co., Ltd. are subject to a Lock-Up Agreement Ending on 22-MAR-2024. These A Shares will be under lockup for 1103 days starting from 15-MAR-2021 to 22-MAR-2024.

Details:
The company's controlling shareholder Zhengzhou Xianghongwan Enterprise Management Co., Ltd.and one of its related parties, Zhengzhou Dongfang Yima Enterprise Management Center (Limited Partnership), as well as its actual controllers, Chen Liying, Mao Fangyang, Su Erzai and Su Chen and Family members of the controlling shareholders, Yan Yong, Huang Zhanzhong and Mao Fangyan committed 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. 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 party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

Shareholders Konka Group Co., Ltd. and Henan Xinggang Rongchuang Venture Capital Development Fund (Limited Partnership) committed 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.

Shareholders Zhang Jingsong, Yan Yong, Wu Baisheng, Ge Liwei and Zhang Dan committed that 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. 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 party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

Supervisors Liu Taibin, Wu Xiaofang and Wang Xiaosong committed that 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. After the expiry of the lock-up period (including the extended lock-up period), the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.