Certain A Shares of Zhejiang Taitan Co.,Ltd. are subject to a Lock-Up Agreement Ending on 29-JAN-2024. These A Shares will be under lockup for 1099 days starting from 25-JAN-2021 to 29-JAN-2024.

Details:
The actual controller Chen Qixin and his son Chen Yurong committed that within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect. If any of the parties were to resign within 6 months from the present IPO, neither direct nor indirect holdings might be transferred or sold.

The company shareholders Shaoxing Taitan Investment Co., Ltd. and Xinchang County Rongtai Investment Co., Ltd committed that within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company.

Zhao Lue, Lv Huilian, Che Daming, Lv Zhixin and Pan Xiaoxiao, who are directors and senior managers of the company committed that within 12 months since the date of listing of the present shares in the Shanghai Stock Exchange, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests. After the expiry of the lock-up period (including the extended lock-up period), the party promise that yearly transfer of shares made by him will not exceed 25% of the holding, and shall not buy the shares within six months after the sale or sell the shares within six months after the purchase. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect.

Yu Ke, Zhang Mingfa and Zhang Guodong who are supervisors of the company and Shareholder Liang Xingxian committed that within 12 months since the date of listing of the present shares in the Shanghai Stock Exchange, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. After the expiry of the lock-up period (including the extended lock-up period), the party promise that yearly transfer of shares made by him will not exceed 25% of the holding, and shall not buy the shares within six months after the sale or sell the shares within six months after the purchase. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect.

Director Zhao Lue's spouse Wang Yaping and his son Zhao Tuo committed that within 12 months since the date of listing of the present shares in the Shanghai Stock Exchange or 6 month within rescindment there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests.