Certain A Shares of Nanjing ShengHang Shipping Co., Ltd. are subject to a Lock-Up Agreement Ending on 14-MAY-2023. These A Shares will be under lockup for 744 days starting from 30-APR-2021 to 14-MAY-2023.

Details:
Holding shareholder, actual controller Li Taoyuan and Member of board of directors, brother-in-law of Li Taoyuan Ding Hongbao committed within 36 months after the listing date, shall 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 shall automatically be extended for 6 months. During the term of office as the company's director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Members of the board of directors, senior management personnel with shareholding Xi Jianming; Song Jiangtao; Chen Shushai; Zhu Jianlin and Ding Hongzhi committed Within 12 months after the listing date, shall not transfer nor entrust to others for management dirrect 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 shall automatically be extended for 6 months. During the term of office as the company's director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Members of the supervisory board with shareholding Wu Shumin and Liu Haitong committed Within 12 months after the listing date, shall 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. During the term of office as the company's director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

All other shareholders 8 entities including 1. Nanjing Yida Huisheng Venture Capital Fund (Limited Partnership), 2. Jiangsu Modern Service Development Venture Capital Fund (Limited Partnership),
3. Jiangsu Talent Venture Capital No. 3 Fund (Limited Partnership), 4. Suzhou Zhongding No. 5 Equity Investment Fund Partnership Enterprise (Limited Partnership), 5. Suzhou Zhongding Zhanlan Equity Investment Fund Partnership Enterprise (Limited Partnership), 6. Jiangsu The Belt and Road Investment Fund (Limited Partnership), 7. Cinda Cosco Investment (Tianjin) Partnership Enterprise (Limited Partnership) and 8. Nanjing Fengzheng Taihua Equity Investment Management Center (Limited Partnership) and 41 natural person shareholders including Zhou Min; Li Fengying and Shen Fengming committed Within 12 months after the listing date, shall 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.