Certain A Shares of Kangping Technology (Suzhou) Co., Ltd. are subject to a Lock-Up Agreement Ending on 18-NOV-2023. These A Shares will be under lockup for 1102 days starting from 11-NOV-2020 to 18-NOV-2023.

Details:
The company's actual controllers Jiang Jianping and Xia Yuhua's, Jiangsu Kangping Investment Co., Ltd., the controlling shareholder of the company, actual controller controls more than 5% of the shareholders of Hong Kong Kanghui International Group Co., Ltd 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. 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.

Shareholders holding more than 5% of shares Suzhou Guopin Investment Management Co., Ltd. and Suzhou Hanbo Investment Enterprise (Limited Partnership), and Cao Jian, a director who indirectly holds shares in the company promised that 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 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.