Certain A Shares of Shandong Xinjufeng Technology Packaging Co., Ltd. are subject to a Lock-Up Agreement Ending on 2-SEP-2023. These A Shares will be under lockup for 368 days starting from 30-AUG-2022 to 2-SEP-2023.

Details:
Zhuhai Jufengrui Equity Investment Management Partnership (Limited Partnership) and Tibet Chengrongxin Venture Capital Management Partnership (Limited Partnership) actually controlled by Beijing Jingjufeng Energy Control Equipment Co., Ltd., the actual controllers Yuan Xunjun and Guo Xiaohong. Committed within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests.

The actual controller Yuan Xunjun and Guo Xiaohong promised within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests. After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

Black River Food 2 Pte Ltd, a shareholder who holds more than 5% of the shares, Qingdao Haisi Innovation Equity Investment Fund Enterprise (Limited Partnership), a shareholder who holds more than 5% of the shares, Suzhou Houqi Equity Investment Center (Limited Partnership), a shareholder who holds more than 5% of the shares, Shareholders with a share ratio of less than 5% Hangzhou Yongchuang Intelligent Equipment Co., Ltd., Shenzhen Leading Cornerstone Equity Investment Partnership (Limited Partnership), Full Shine International Investment Limited, Qingdao Hongji Dingtai Equity Investment Fund Partnership (Limited Partnership) , Xinjiang Guoli Minsheng Equity Investment Co., Ltd., Tianjin Huajian Enterprise Management Partnership (Limited Partnership), Qingdao Sunshine Land Investment Management Co., Ltd., Moutai Jianxin (Guizhou) Investment Fund Management Co., Ltd., Jiaxing Huaqin Investment Partnership (Limited Partnership) ), Shi Nengtong and Beijing Zhongjian Hengtai Asset Management Center (Limited Partnership) committed within 12 months from the date of listing of the issuer?s stock (hereinafter referred to as the lock-up period), I shall not transfer or entrust others to manage the issuer?s shares held by me, nor shall the issuer repurchase the issuer?s shares held.

Strategic investor Inner Mongolia Yili Industrial Group Co., Ltd. promises within 36 months from the date of listing of the issuer?s stock (hereinafter referred to as the lock-up period), I shall not transfer or entrust others to manage the issuer?s shares held by me, nor shall the issuer repurchase the issuer?s shares held by me.


The directors, supervisors and senior executives who indirectly hold shares of the issuer Liu Baozhong, Jiao Bo, Kui Gonghai, Yin Xiong, Qin Qingsheng, Liu Zhongming, Luo Bo, and Ma Renqiang promise Within 12 months from the date of listing of the issuer?s stock (hereinafter referred to as the lock-up period), I shall not transfer or entrust others to manage the issuer?s shares held by me, nor shall the issuer repurchase the issuer?s shares held. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests.