Certain A Shares of S.P.I Landscape Design Co., Ltd. are subject to a Lock-Up Agreement Ending on 14-AUG-2023. These A Shares will be under lockup for 735 days starting from 9-AUG-2021 to 14-AUG-2023.

Details:
The company?s holding shareholder S.P.I. Landscape Group promised within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months.

The company?s actual controllers Sun Hu, Cai Bin promised within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months. During the term of office as the company?s director, supervisor, management personnel, the number of shares in the company transferred each year will not exceed 25% of the total shares held in the company.

The company?s other shareholders Guangzhou Shuoyu Investment Partnership Enterprise (Limited Partnership), Zhuhai Shansheng Investment Partnership Enterprise (Limited Partnership) promised within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.

The company?s directors, management personnel Qin Peng, Li Zheng, Zou Jiong, Liu Songmin, Zhou Qiao promised within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. During the term of office as the company?s director, supervisor, management personnel, the number of shares in the company transferred each year will not exceed 25% of the total shares held in the company. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months.

The company?s supervisors Mei Weiping, Wu Yunhua, Zhan Wen promised within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. During the term of office as the company?s director, supervisor, management personnel, the number of shares in the company transferred each year will not exceed 25% of the total shares held in the company.