Certain A Shares of KBC Corporation, Ltd. are subject to a Lock-Up Agreement Ending on 19-MAY-2023. These A Shares will be under lockup for 1107 days starting from 7-MAY-2020 to 19-MAY-2023.

Details:
The company's holding shareholder, actual controller Liao Jiqiao, company's actual controller's party acting in concert Yiyang Rongsheng Management Consulting Center (Limited Partnership), company's actual controller close relatives Zhou Zebin, Zhou Yongjun promised that within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company's share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company's share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for at least 6 months.

The company's directors Wang Bingquan, Li Jun, Pan Jin, supervisors Li Keming, Gong Yuliang, management personnel Wang Yuejun, Zhou Ziyuan, company's core technical personnel Liu Xuewen, Liu Fangfen, wife of director Li Yongheng, Chen Ying, wife of director, management personnel, core technical personnel Wang Binquan, company's other shareholders Hunan New Material Industry Venture Capital Fund Enterprise (Limited Partnership), Luo Jingyou, Chen Saini, Shenzhen Chuangdongfang Mingda Investment Enterprise (Limited Partnership), Liu Dejun, Zhou Yiwen,Yiyang Bocheng Enterprise Management Center (Limited Partnership),Changsha Deheng Investment Management Consulting Co., Ltd.,Tan Zan, Tianjin Yirun Wealth Equity Investment Partnership Enterprise (Limited Partnership), He Xiaohong, Pan Yingjiu, Sun Suhui, Wu Chuanqing, Zhang Yongbo, Yiyang Zhengjia Managemnet Consulting Center (Limited Partnership), Li Xiaobo, Tang Huaizhong, Tan Yijun, Xia Zhiliang, Luo Heli, Yang Junqi, Cai Yanjuan, Wang Zhipeng, Xia Mingshi, Liu Zhong, Wang Dayun, and Yang Yi promised that within 12 months after the listing date and 6 months after resignation, will not transfer nor entrust to others for management indirect shares in the company held prior to this issuance. If the closing price of the company's share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company's share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for at least 6 months.