Certain A Shares of Academy of Environmental Planning and Design, Co.,Ltd. Nanjing University are subject to a Lock-Up Agreement Ending on 24-AUG-2021. These A Shares will be under lockup for 372 days starting from 17-AUG-2020 to 24-AUG-2021. Details: The directors, supervisors and senior executives who indirectly hold the issuer's shares Lu Chaoyang, Yao Qi, Zhang Yifei, Dong Yingwen, Zhou Wenqiang, Wang Dan, Wu Junfeng, She Yanling and Li Liang commit within 12 months since the date of listing of the present shares in the Shanghai Stock Exchange, 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), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties. In the event of a resignation before the expiry of the term of office, the above-mentioned undertaking will continue to be maintained for six months. The controlling shareholder Nanjing University Asset Management Co., Ltd., the actual controller Nanjing University, the other shareholders Nanjing Guohuan Investment Management Co., Ltd., Huai'an Nangao Management Consulting Center (Limited Partnership), Huai'an Liangjiang Management Consulting Center (Limited Partnership) commit 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), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect.