Certain A Shares of HUANLEJIA Food Group Co., Ltd. are subject to a Lock-Up Agreement Ending on 2-JUN-2024. These A Shares will be under lockup for 1101 days starting from 28-MAY-2021 to 2-JUN-2024.

Details:
The Company?s holding shareholder Guangdong Haoxing Investment Co., Ltd., actual controllers Li Xing, Li Kangrong, and shareholder Zhanjiang Rongxing Investment Partnership Enterprise (Limited Partnership) committed that they will not 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 actual controller Zhu Wenzhan committed that they will not 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.