Certain A Shares of Science Environmental Protection Co., Ltd. are subject to a Lock-Up Agreement Ending on 25-NOV-2023. These A Shares will be under lockup for 368 days starting from 22-NOV-2022 to 25-NOV-2023.

Details:
The Company?s actual controllers Gao Weirong, Gao Liangyun, and Gao Shihui committed: to 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. Within 3 years after the lock-up has expired, while holding office, Gao Weirong, Gao Liangyun committed to not transfer more than 25% of shares held each year.

The Company?s actual controllers? relatives Liao Wenhui, Liao Bin committed: to 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.

The Company?s directors Jiang Guomin, Qiu Jiangchuan, Wang Zhaohui committed: to 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 12 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. Within 1 year after the lock-up has expired, while holding office, Yan Zhirui, Li Yaodong, Wu Zhiqiang, and Ning Yongduo committed to not transfer more than 25% of shares held each year.

The Company?s shareholders Tan Xiaolin, Zijin Mining Industry Zifeng (Xiamen) Investment Partnership Enterprise (Limited Partnership), Changsha Xuanlong Environmental Protection Technology Partnership Enterprise (Limited Partnership), Changsha Jiulong Environmental Protection Technology Partnership Enterprise (Limited Partnership), Li Xiguo, Wang Qingwei, Yang Zhihui, Chen Runhua, supervisor Xia Fu, and core technical staff Yan Huxiang and Liu Yongfeng committed: to 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 12 months from the listing date.
After the lock-up has expired, while holding office, Li Lei committed to not transfer more than 25% of shares held each year.

Within 1 year after the lock-up has expired, while holding office, Xia Fu committed to not transfer more than 25% of shares held each year.

Within 4 years after the lock-up has expired, while holding office, Yan Huxiang and Liu Yongfeng committed to not transfer more than 25% of shares held each year.