Certain A Shares of Sichuan Qiaoyuan Gas Co.,Ltd are subject to a Lock-Up Agreement Ending on 14-JUN-2025. These A Shares will be under lockup for 1104 days starting from 6-JUN-2022 to 14-JUN-2025.

Details:
The Company?s actual controller Qiao Zhiyong and relative Qiao Kun, both directors, 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. After the lock-up has expired, while holding office, they committed to not transfer more than 25% of shares held each year.

Qiao Zhiyong?s person acting in concert Zhang Lirong, Qiao Zhiyong?s relative Qiao Xin, and shareholders Zhejiang Zhechuang Haoyu Emerging Industries Equity Investment Partnership Enterprise (Limited Partnership) and Shenzhen Huatuo Toyuan No. 3 Investment Enterprise (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.