Certain A Shares of Fujian Nanwang Environment Protection Scien-Tech Co.,Ltd are subject to a Lock-Up Agreement Ending on 13-JUN-2024. These A Shares will be under lockup for 378 days starting from 1-JUN-2023 to 13-JUN-2024.

Details:
Controlling shareholder and Actual controller, Chen Kaisheng promised that, within 36 months after the listing date, shall 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 said shares. 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 shall automatically be extended for 6 months. After the lockup period, during the term of office as the company?s director, member of supervisory board, senior management personnel, and within 6 months from resignation as director, supervisory board, senior management personnel before the end of the term until 6 months into the new office, the number of shares in the company transferred each year shall not exceed 25% of the total shares held by said person and spouse in the company. Within half a year from resignation, shall not transfer shares held in the company.

Persons acting in concert with actual controller, Hui'an Zhonghui Investment Center (Limited Partnership), Hui'an County Xinhui Investment Center (Limited Partnership), and Jinjiang Yongrui Investment Partnership Enterprise (L.P.) promised that, within 36 months after the listing date, shall 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 said shares. 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 shall automatically be extended for 6 months.

Shareholders with direct shareholdings and serving as Directors, Senior Managers, Wang Xianfang, Han Chunmei, Ye Wujian, and He Zhihong promised that, within 12 months after the listing date, shall 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 said shares. 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 shall automatically be extended for 6 months. After the lockup period, during the term of office as the company?s director, member of supervisory board, senior management personnel, and within 6 months from resignation as director, supervisory board, senior management personnel before the end of the term until 6 months into the new office, the number of shares in the company transferred each year shall not exceed 25% of the total shares held by said person and spouse in the company. Within half a year from resignation, shall not transfer shares held in the company.

Shareholder with direct shareholding and serving as Supervisor, Peng Huibo promised that, within 12 months after the listing date, shall 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 said shares. After the lockup period, during the term of office as the company?s director, member of supervisory board, senior management personnel, and within 6 months from resignation as director, supervisory board, senior management personnel before the end of the term until 6 months into the new office, the number of shares in the company transferred each year shall not exceed 25% of the total shares held by said person and spouse in the company. Within half a year from resignation, shall not transfer shares held in the company.

Relevant shareholders of Fujian Wallace Food Co., Ltd. and its subsidiaries, Hui'an Huaying Investment Center (Limited Partnership), Hui'an Chuanghui Investment Center (Limited Partnership), Chen Zhengli, Chen Xiaofang, and Huang Rong promised that, within 36 months after the listing date, shall 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 said shares.

Other shareholders with shareholding of over 5%, promised that, within 12 months after the listing date, shall 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 said shares.