Certain A Shares of Beijing Tongyizhong New Material Technology Corporation are subject to a Lock-Up Agreement Ending on 19-OCT-2022. These A Shares will be under lockup for 366 days starting from 18-OCT-2021 to 19-OCT-2022.

Details:
China SDIC International Trade Co., Ltd., the company's controlling shareholder and its person acting in concert Shanghai Sdic International Trade Co., Ltd., State Development & Investment Corp., Ltd., the actual controller of the company commit to not to transfer shares 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 issuer's shareholding directors, senior managers, and core technical personnel promised that within 12 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 main company shareholders National Industrial Investment Fund Co., Ltd., Development Industry Investment Fund (Limited Partnership), Shanghai Industrial Equity Investment Fund Partnership (Limited Partnership), Hunan Zhongqi Dongjian Private Equity Investment Partnership (Limited Partnership), Henan Jincaishenghe Equity Investment Fund (Limited Partnership), Beijing Financial Street Capital Management Center promised that within thirty-six months from December 18, 2019 or within twelve months from the date of listing of the company's stock (whichever is later),, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company.

The main company shareholder Tongyizhong (Xintai) Enterprise Management Partnership (Limited Partnership) promise that 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.