Certain A Shares of Hangzhou Yitong New Material Co., LTD are subject to a Lock-Up Agreement Ending on 21-JAN-2022. These A Shares will be under lockup for 373 days starting from 13-JAN-2021 to 21-JAN-2022. Details: Wang Zhirong, the controlling shareholder of the Company, the actual controllers Wang Zhirong and Wang Zhichun, Wang Zhirong and Wang Zhichun, directors, supervisors and senior management personnel holding shares of the company through Cizheng Investment, Chai Junwei, Li Hui, Wang Liqing, Yang Jianping, Lei Jie, He Keren, Ye Gaosheng, and shareholder Hangzhou Cizheng Equity Investment Partnership (Limited Partnership) committed that within 12 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. 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.