Certain A Shares of Zhejiang Dayang Biology Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 27-OCT-2023. These A Shares will be under lockup for 1102 days starting from 20-OCT-2020 to 27-OCT-2023.

Details:
The company?s holding shareholder, actual controller, director Chen Yanggui, the company?s shareholders and directors Wang Xianyu, Qiu Yongsheng, Tu Yongfu, Guan Weijun, Hao Bingyan, management personnel Chen Xujun have promised not to transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the shares within 36 months after the listing date. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months.

The company?s shareholder Chen ROngfang has promised not to transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the shares within 36 months after the listing date

Those who just became a shareholder of the company within 6 months after the acceptance of the IPO application of the company by CSRC, including Hangzhou Chenghe Equity Investment Fund Partnership Enterprise (Limited Partnership), Zhoushan Zheke Donggang Venture Capital Partnership Enterprise (Limited Partnership), Zhuji Zheke Leying Venture Capital Partnership Enterprise (Limited Partnership), Xue Song, Zheng Tiansheng promised not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the shares within 36 months after the completion date of the registration modification procedures for becoming a shareholder of the company through a capital increase that is December 24, 2018. At the same time, within 1 year after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to listing, nor allow the company to repurchase the said shares.

The company?s shareholders, supervisors Fan Fuliang, Wang Guoping, Qiu Xiesong and management personnel Xu Xuping and the other 132 individual shareholders promised not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the shares within 12 months after the listing date. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months.