Certain A Shares of Shanghai Ace Investment&Development Co., Ltd. are subject to a Lock-Up Agreement Ending on 30-DEC-2020. These A Shares will be under lockup for 1104 days starting from 22-DEC-2017 to 30-DEC-2020. Details: The company’s actual controller Sun Wangping and controlling shareholder Jiangsu ACE Investment Group Co., Ltd. committed that within 36 months from the listing date, will not transfer nor entrust other parties for the management of the company’s shares, directly or indirectly held prior to this IPO, nor allow the company to repurchase the said shares. The company’s shareholders Jiangsu Gaotou Growth Value Equity Investment Partnership Enterprise (LP), Jiangsu Nongdao Enterprise Management Consulting Co., Ltd., Haitong Capital Investment Co., Ltd., Lianyungang Chuying Enterprise Asset Management Partnership Enterprise (LP) and Zhejiang Donghan Gaotou Changsanjiao Partnership Enterprise (LP) and the company’s supervisors, directors and senior management members Wang Mingwei, Du Yi, Guan Jifeng, Deng Yong, Jia Wenli, Guo Changji, Jin Changfen and Li Qing committed that within 12 months from the listing date, will not transfer nor entrust other parties for the management of the company’s shares, held prior to this IPO, nor allow the company to repurchase the said shares.