Certain A Shares of Guangdong Modern High-tech Fiber Co., Ltd are subject to a Lock-Up Agreement Ending on 24-AUG-2023. These A Shares will be under lockup for 1105 days starting from 14-AUG-2020 to 24-AUG-2023.

Details:
The company?s holding shareholder, Guo Qinghai, Guo Renqi, Chen Guangming, Lin Kaixiong, and Zheng Xiaoyi committed not to 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.

The company?s shareholders Guo Hongjiang, Guo Liping, Guo Lishuang, Guo Liru, Guo Qinghe, Guo Xianrui, Guo Linuo, and Jieyang Zizai Investment Management Partnership Enterprise (Limited Partnership) and indirect shareholder and supervisor Wan Xiaoyan committed not to 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.

The company?s shareholders Lin Xiuhao, Huang Shuzhong, and Gong Ping committed not to 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.