Certain A Shares of Shandong Kaisheng New Materials Co.,Ltd. are subject to a Lock-Up Agreement Ending on 27-SEP-2022. These A Shares will be under lockup for 376 days starting from 16-SEP-2021 to 27-SEP-2022.

Details:
The Company's holding shareholder Huapont Life Sciences Co., Ltd., indirect shareholder Tibet Huibang Technology Co., Ltd., actual controller Zhang Songshan, and shareholder Zibo Kaisheng Investment Management Center (Limited Partnership) 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.

The Company's shareholders CITIC Securities Investment Limited, Tianjin Haihe Bohong New Material Equity Investment Fund Partnership (Limited Partnership), Hefei Fanyu Emerging Industries Chuangtou Fund Partnership Enterprise (Limited Partnership), Zibo Kaisitong Investment Management Center (Limited Partnership), Zhang Ying, Huang Rongyao, Chen Jihong, Qamdo Yuechuang Investment Consulting Co., Ltd., Fang Qi, Tianjin Gewosi Economic Information Consulting Partnership Enterprise (Limited Partnership), Shi Gang, Sun Zhenglu, and Gao Yong 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 Wang Jiarong and Yang Shan Guohai, senior management Sun Qingmin, supervisors Zhang Shanmin and Wang Zhiliang, shareholders Zibo Kaisheng Investment Partnership Enterprise (Limited Partnership), Zibo Kaisitong Investment Partnership Enterprise (Limited Partnership), and the other shareholders 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. After the lock-up has expired, while holding office, Wang Jiarong, Yang Shan Guohai, and Sun Qingmin committed to not transfer more than 25% of shares held each year.