Certain Ordinary Shares of Hongcheng Environmental Technology Company Limited are subject to a Lock-Up Agreement Ending on 10-NOV-2023. These Ordinary Shares will be under lockup for 730 days starting from 10-NOV-2021 to 10-NOV-2023.

Details:
Pursuant to Rule 10.07(1) of the Listing Rules, each of Controlling Shareholders has undertaken to the Stock Exchange and Company that, except pursuant to the Global Offering (including the Over-allotment Option), he/it will not and will procure that the registered holder(s) of the Shares controlled by him/it will not in the period commencing on the date by reference (the ??Reference Date??) to which disclosure of his/its shareholding is made in this prospectus and ending on the date (the ??End Date??) which is six months from the Listing Date, dispose of, nor enter into any agreement to dispose of, or otherwise create any options, rights, interests or encumbrances in respect of, any of the securities of Company in respect of which he/it is shown by this prospectus to be the beneficial owner (??Relevant Securities??); or in the period of a further six months commencing on the End Date, dispose of, nor enter into any agreement to dispose of, or otherwise create any options, rights, interests or encumbrances in respect of the Relevant Securities if, immediately following such disposal or upon the exercise or enforcement of such options, rights, interests or encumbrances, that he/it would cease to be a Controlling Shareholder.