Certain A Shares of Hualan Biological Bacterin Inc. are subject to a Lock-Up Agreement Ending on 18-FEB-2024. These A Shares will be under lockup for 734 days starting from 14-FEB-2022 to 18-FEB-2024.

Details:
Commitment of the controlling shareholder Hualan Biological Engineering Co., Ltd. within 36 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 months from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests.

The actual controller An Kang's commitment within 36 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 months from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests.

After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

Commitment of CYBER CREATOR LIMITED, a shareholder controlled by the actual controller within 36 months since the date of listing of the present shares in the Shanghai Stock Exchange, 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 months from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests.

Henan Gaolinghuaying Enterprise Management Consulting Partnership (Limited Partnership), a shareholder holding more than 5% of the shares, promises within 12 months since the date of listing of the present shares in the Shanghai Stock Exchange, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company.

Xinxiang Chenyi Qiming Management Consulting Partnership (Limited Partnership), a shareholder holding more than 5% of the shares, promises within 12 months since the date of listing of the present shares in the Shanghai Stock Exchange, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company.

Commitment of directors, supervisors and senior managers holding company shares within 12 months since the date of listing of the present shares in the Shanghai Stock Exchange, 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 months from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests.

After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

Commitment of the supervisor holding company shares within 12 months since the date of listing of the present shares in the Shanghai Stock Exchange, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company.

After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.