Certain A Shares of Renxin New Material Co.,Ltd. are subject to a Lock-Up Agreement Ending on 3-JUL-2024. These A Shares will be under lockup for 378 days starting from 21-JUN-2023 to 3-JUL-2024.

Details:
The actual controllers of the company, Qiu Hanzhou, Qiu Hanyi, and Yang Guoxian, made commitments:

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.

Qiu Hanzhou, and Yang Guoxian also promised:

After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

In addition to the joint actual controller, the directors, supervisors, senior management and others who directly or indirectly hold shares of the company promised:

Within 12 months from the date of listing of the stocks this time, will not transfer or entrust others to manage the company's shares that have been directly or indirectly held before the company's public issuance of stocks, nor will the company repurchase such shares. After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

In addition, the company?s directors Chen Zhanghua, Duan Wenyong, and senior executives Qu Zhonglin, Li Guangyu, and Wang Xiuqing promised:

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.

Other shareholders Zhang Chaokai, Zheng Chanyu, Zheng Zhesheng, Zhong Xuming, Chen Juntao, Huang Weishan, Qiu Hongwei, Cai Ruiqing, Chen Cheng, Chen Liying, Wu Shaobin, Huizhou Zhongheli Investment Limited Partnership (Limited Partnership), Huizhou Zhongliying Investment Consulting Limited Partnership (Limited Partnership), made the following commitments:

Within 12 months from the date of listing of the stocks this time, will not transfer or entrust others to manage the company's shares that have been directly or indirectly held before the company's public issuance of stocks, nor will the company repurchase such shares.