Certain A Shares of Jilin OLED Material Tech Co., Ltd. are subject to a Lock-Up Agreement Ending on 3-SEP-2021. These A Shares will be under lockup for 374 days starting from 25-AUG-2020 to 3-SEP-2021.

Details:
The company's controlling shareholders and the actual controllers Xuan Jingquan, Xuan Lingyi, Li Jixuan and Changchun Juhai Investment Partnership, the company controlled by Xuan Jingquan committed that 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 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.

The company's direct or indirect shareholding directors and senior managers Xuan Jingquan, Ma Xiaoyu, Zhan Guihua, Wang Yanli, Zhang Peng (director), Wang Hui, Qu Zhiheng and the company's direct or indirect supervisors Yin Enxin, Zhao He, Wang Jinxin, Zhang Peng (supervisor), Liu Chengkai promised 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. 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), the party promise that yearly transfer of shares made by him will not exceed 25% of the holding, and shall not buy the shares within six months after the sale or sell the shares within six months after the purchase. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect.

The company directly or indirectly holds core technical personnel Xuan Jingquan, Ma Xiaoyu, Wang Hui, Zhao He, Peng Bo, Li Ming, Wang Kang, Lin Wenjing, company's other shareholders Shenzhen Nanhai Growth Tongying Equity Investment Fund (Limited Partnership), Hangzhou Nanhai Growth Investment Partnership (Limited Partnership), Ningbo Luhe Chensheng Venture Investment Partnership (Limited Partnership), TAIYO NIPPON SANSO CORPORATION (China) Investment Co., Ltd., Ningbo Lvhe Ruineng Investment Partnership (Limited Partnership), Gansu Guofang Industry & Trade (Group) Co., Ltd., Zhang Shaoquan, Yu Yue, Suzhou Shengshan Huiying Venture Capital Enterprise (Limited Partnership), Jiang Zhiwei, Xuan Yixiong, Ningbo Yanyuan Yaoshang Property Finance Equity Investment Partnership (Limited Partnership), Zhang Libo, Zhuhai Tianrentianxin Fund Management Center (Limited Partnership), Wu Ping, Jiao Changling, Xu Ang, Ye Kaiqi, Fu Qingjiu, He Peng, Liu Chengkai, Qin Cuiying, Song Lijuan, Li Wenyan, Wang Xueyan, Wang Zhao, Gao Wei, Li Yinmei, Bi Yan, Wu Lijuan, Jiang Xiaochen promised that within 12 months since the date of listing of the present shares and six months since the resignation, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company.