Certain A-Shares of Mabwell (Shanghai) Bioscience Co., Ltd. are subject to a Lock-Up Agreement Ending on 18-JAN-2024. These A-Shares will be under lockup for 742 days starting from 6-JAN-2022 to 18-JAN-2024.

Details:
The Company?s shareholder Langrun (Shenzhen) Equity Investment Fund Enterprise (Limited Partnership), actual controllers Tang Chunshan and Chen Shannuo, and their controlled enterprises Shenzhen Langrun Investment Consulting Management Co., Ltd., Ningbo Meishan Bonded Port Area Zhongjun Jianlong Investment Partnership Enterprise (Limited Partnership), and Ningbo Meishan Bonded Port Area Zhenzhu Investment Management Partnership Enterprise (Limited Partnership) committed: to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. In the 4th and 5th years after the listing date, they committed to transfer not more than 2% of the Company?s total share capital. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months. While holding office, Tang Chunshan committed to transfer not more than 25% of shares held each year.

The Company?s directors, senior management, and core technical employees Liu Datao, Guo Yinhan, Zhang Jinchao, Wang Shuhai, Hu Huiguo, and Shi Xiening committed: to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months. While holding office, they committed to transfer not more than 25% of shares held each year.

The Company?s supervisors Yin Yue and Huang Xianghong, senior management Dong Weiyi and Ye Yinzuo, and the other shareholders committed: to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance or allow the company to repurchase those shares within 12 months from the listing date. While holding office, Yin Yue, Huang Xianghong, Dong Weiyi, and Ye Yinzuo committed to transfer not more than 25% of shares held each year.