Certain A Shares of Ningbo Jintian Copper(Group) Co., Ltd. are subject to a Lock-Up Agreement Ending on 22-APR-2023. These A Shares will be under lockup for 1103 days starting from 14-APR-2020 to 22-APR-2023.

Details:
Ningbo Jintian Investment Holdings Co., Ltd., the company's controlling shareholder 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 actual controllers Lou Guoqiang, Lou Cheng and the their relative Lou Guojun; Lu Xiaomi, the actual controller of the company and Wang Hongbo, the spouse of Lou Guojun commit 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), the party promise that yearly transfer of shares made by him will not exceed 25% of the holding, and shall not buy the shares within six months after the sale or sell the shares within six months after the purchase.

Lou Jingjing and Lou Yun, the relatives of the actual controller of the company 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.

Yang Jianjun, Wang Yongru, Cao Lisu, Ding Xingchi, Zheng Dundun as company directors and senior managers; Hu Yahong, the spouse of Yang Jianjun, Zhu Xiaofeng, the spouse of Cao Lisu and Zhang Chong, the spouse of Ding Xingchi promised 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.