Certain A Shares of Jiangsu Favored Nanotechnology Co., Ltd are subject to a Lock-Up Agreement Ending on 2-AUG-2023. These A Shares will be under lockup for 370 days starting from 28-JUL-2022 to 2-AUG-2023.

Details:
The company?s controlling shareholder Favored Tech (Hong Kong), issuer?s actual controller, chairman, general manager, and core technical personnel Zong Jian, company?s actual controller and director Zhao Jingyan, shareholders who hold more than 5% of the company?s shares, Ningbo Meishan Free Trade Port Zone Fina Enterprise Management Partnership (Limited Partnership) and their concerted parties, Ningbo Meishan Free Trade Port Zone Natai Enterprise Management Partnership (Limited Partnership), Runke (Shanghai) Equity Investment Fund Partnership (Limited Partnership), Qingdao Yirong United Equity Investment Management Center (Limited Partnership), Nanjing Zhongjin Qihong Investment Fund Partnership (Limited Partnership), Wuxi Yuantao Venture Capital Partnership (Limited Partnership), Fuzhou Jiayan Venture Capital Partnership (Limited Partnership), Ningbo Meishan Free Trade Port Zone Heyue Investment Management Partnership (Limited Partnership), Zhongjin Pucheng Investment Co., Ltd., Wuxi Xinda Venture Capital Partnership (Limited Partnership), Guangzhou Hongsheng Venture Capital Partnership (Limited Partnership) Committed that Within 36 months from the date of completion of the industrial and commercial change registration procedures for the company?s capital increase to the issuer and within 12 months from the date of listing of the issuer?s shares, the company shall not transfer or entrust others to manage the company?s The issuer?s shares that have been directly or indirectly held prior to the issuance and listing shall not be proposed to be repurchased by the issuer.

Feng Guoman, director and deputy general manager of the company, Shan Wei, director of the company, Sun Xilin, director, deputy general manager, and secretary of the board of directors, and Yu Qihong, senior manager, company?s supervisors and core technical personnel Wei Qingyu and Kang Bixian, company?s supervisor Li Wanfeng, company?s core technical personnel Lan Zhuyao and Sui Aiguo promised that they shall not transfer or entrust others to manage the shares directly or indirectly held by the issuer within 12 months from the date of this issuance and listing and within 6 months after resignation. The shares held by the issuer shall be restricted from sale before the initial issuance. Within 4 years from the expiration date, the pre-IPO shares transferred each year shall not exceed 25% of the total number of the issuer?s pre-IPO shares held at the time of this issuance and listing (the reduction ratio can be used cumulatively.