Certain A Shares of Guangdong Tengen Industrial Group Co.,Ltd. are subject to a Lock-Up Agreement Ending on 21-SEP-2023. These A Shares will be under lockup for 1101 days starting from 15-SEP-2020 to 21-SEP-2023.

Details:
The Company?s controlling shareholder, actual controller Zhou Xiaowei, Luo Suling committed that they will not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the public offering, or allow the Company to repurchase these shares within 36 months from the Company?s share listing date. 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 months from listing, lock-up period will be automatically extended for another 6 months.

The Company?s main shareholders, directors, vice general manager, and financial director Luo Yaodong committed that they will not transfer or entrust to a third party the Company?s shares it holds directly or indirectly before the public offering, or allow the Company to repurchase these shares within 36 months from the Company?s share listing date. 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 months from listing, lock-up period will be automatically extended for another 6 months.

The Company?s other shareholders serving as directors, supervisors, senior management He Zubing, Deng Chaoran, Chen Chuxin, Huang Bing, Zhou Zhongwei, He Xiaoming, and Xi Hongwei committed that they will not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the public offering, or allow the Company to repurchase these shares within 12 months from the Company?s share listing date. 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 months from listing, lock-up period will be automatically extended for another 6 months.

Dongguan Tianqi Equity Investment Co., Ltd. and Zou Fang (actual controller?s related party) committed that they will not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the public offering, or allow the Company to repurchase these shares within 36 months from the Company?s share listing date.

The Company?s other shareholders committed that they will not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the public offering, or allow the Company to repurchase these shares within 12 months from the Company?s share listing date.