Certain A Shares of Jinsanjiang (Zhaoqing) Silicon Material Company Limited are subject to a Lock-Up Agreement Ending on 13-SEP-2023. These A Shares will be under lockup for 740 days starting from 3-SEP-2021 to 13-SEP-2023.

Details:
The Company?s holding shareholder Guangzhou Feixue Group Co., Ltd., shareholders Guangzhou Saina Equity Investment Partnership Enterprise (Limited Partnership) and Guangzhou Saizhi Equity Investment Partnership Enterprise (Limited Partnership), actual controllers Zhao Guofa and Ren Zhenxue, supervisors Hao Zhenliang and Wang Xianwei, and senior management Ren Zhixia and Luo Qin 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, Zhao Guofa, Ren Zhenxue, Hao Zhenliang, Wang Xianwei, Ren Zhixia, and Luo Qin committed to not transfer more than 25% of shares held each year.

The Company?s director Xu Junhua 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 12 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, Xu Junhua committed to not transfer more than 25% of shares held each year.

The Company?s shareholder Guangdong Yueke Gejin Advanced Manufacturing Investment Partnership 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 12 months from the listing date.