Certain A Shares of Longkou Union Chemical Co., Ltd. are subject to a Lock-Up Agreement Ending on 26-AUG-2023. These A Shares will be under lockup for 372 days starting from 19-AUG-2022 to 26-AUG-2023.

Details:
Actual Controller Li Xiumei, controlling shareholder Longkou Yangguang Chemical Co., Ltd., and shareholder Yantai Baolian Investment Center (Limited Partnership) 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.

Relative of actual controller, Li Xitian 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. During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company. And within half year from resignation, shall not transfer shares of the company directly or indirectly held.

Shareholders Qingdao Pidehai Investment Management Consulting Co., Ltd. and Yantai Rongshu Investment Partnership Enterprise (Limited Partnership) promised that, within 36 months from the date of processing the change of business registration (namely July 30, 2020) and within 12 months from the date of listing, 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.

Those with indirect shareholdings through Yantai Baolian Investment Center (Limited Partnership), i.e. Director and Deputy General Manager, Ma Chengzhi, and Chief Financial Officer Jiang Fang promised that, 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. During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company. 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. And within half year from resignation, shall not transfer shares of the company directly or indirectly held.

Those with indirect shareholdings through Yantai Baolian Investment Center (Limited Partnership), i.e. Chairman of the Supervisory Board, Cheng Lijuan, and Supervisors, Liu Desheng, and Li Yanju promised that, during the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company. 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. And within half year from resignation, shall not transfer shares of the company directly or indirectly held.