Certain A-Shares of Jinglv Environment Science and Technology Co., Ltd are subject to a Lock-Up Agreement Ending on 15-JUL-2023. These A-Shares will be under lockup for 369 days starting from 11-JUL-2022 to 15-JUL-2023.

Details:
The Company’s actual controllers Yu Xiaoxia, Yu Xiaojuan, and Yu Hongbo, shareholder Hefei Jinglv Environment Investment Partnership Enterprise (Limited Partnership), and directors and senior management Wang Chuanhua and Huang Zengrong 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, Yu Xiaoxia, Yu Xiaojuan, Yu Hongbo, Wang Chuanhua, and Huang Zengrong committed to not transfer more than 25% of shares held each year.

The Company’s supervisor Chen Shifang and shareholders Anhui Xin’an Jishi Industrial Growth Fund Partnership Enterprise (Limited Partnership), Hangzhou Chengzhuo Venture Capital Partnership Enterprise (Limited Partnership), Jiaxing Zhengshi Investment Partnership Enterprise (Limited Partnership), and Hefei Shengri Enterprise Management Partnership Enterprise (General 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 36 months from the listing date. After the lock-up has expired, while holding office, Chen Shifang committed to not transfer more than 25% of shares held each year.

The Company’s shareholders Haitong Xingtai (Anhui) Emerging Industries Investment Fund (Limited Partnership), Hefei Guoyao Exploit Venture Capital Partnership Enterprise (Limited Partnership), Guoyuan Innovation Investment Co., Ltd., Anhui Guoyuan Seed Venture Capital Fund Co., Ltd., Chizhou Huiyuan SME Development Fund 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.