Certain A Shares of Nanchang Mineral Systems Co., Ltd. are subject to a Lock-Up Agreement Ending on 11-APR-2024. These A Shares will be under lockup for 377 days starting from 31-MAR-2023 to 11-APR-2024.

Details:
The company?s holding shareholder, actual controller Li Shun promised within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to 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 will automatically be extended for 6 months. During the term of office in the company, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company, and no longer buy the company's shares within six months after the sale, and no longer sell the company's shares within six months after the purchase. Within 6 months after resignation, will not transfer shares in the company.

Shareholder acting as director, president Gong Youliang promised within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to 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 will automatically be extended for 6 months. During the term of office in the company, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company, and no longer buy the company's shares within six months after the sale, and no longer sell the company's shares within six months after the purchases Within 6 months after resignation, will not transfer shares in the company.

ESOP shareholder Gongqingchen Jinjiang Investment Center (Limited Partnership) and Gongqingcheng Zhongtian Investment Center (Limited Partnership) promised within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to 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 will automatically be extended for 6 months.

Shareholder acting as director, vice president Liu Min promised within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to 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 will automatically be extended for 6 months. During the term of office in the company, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company, and no longer buy the company's shares within six months after the sale, and no longer sell the company's shares within six months after the purchase. Within 6 months after resignation, will not transfer shares in the company.

Other directors, supervisors, management personnel holding shares in the company Wen Jinsong, Qiu Xiaoyun, Zhao Bin, Tian Tian, Yang Zhenghai, Miao Yun promised within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to 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 will automatically be extended for 6 months .During the term of office in the company, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company, and no longer buy the company's shares within six months after the sale, and no longer sell the company's shares within six months after the purchase. Within 6 months after resignation, will not transfer shares in the company.

Other shareholders not acting as director, supervisor, management personnel Chen Wenlong, Xu Kunhe, Miao Xueliang, Cao Ronghui, Liu Fanggui, Xu Guangming, Hu Bingeng, Sun Jidong, Wu Guoliang, Chen Wanhai, Li Kun, Yue Shengbin, Hu Sheng, Qin Liheng promised within12months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares.