Certain A Shares of Jiangxi Sunshine Dairy Co., Ltd. are subject to a Lock-Up Agreement Ending on 13-MAY-2023. These A Shares will be under lockup for 365 days starting from 13-MAY-2022 to 13-MAY-2023.

Details:
The controlling shareholder Jiangxi Sunshine Milk Group Co., Ltd. and Actual controller Hu Xiaoyun; Shareholder Nanchang Zhihe Enterprise Management Center (Limited Partnership) promised that within 36 months since the date of listing of the present shares, there will 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. 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.

Shareholder Gongqingcheng Dingsheng Boying Investment Center (Limited Partnership) commit that within 12 months since the date of listing of the present shares, there will be no transfers nor entrustment of shares to any third party nor repurchase by the company.

Directors and senior executives Hu Xiaoyun, Yu Yiyang, Gao Jinwen, Mei Ying, Gao Daoping promise that within 36 months since the date of listing of the present shares, there will 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. 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.

Supervisors Xiao Aiguo, Deng Renqiang and Xie Jie promise that within 36 months since the date of listing of the present shares, there will 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.