Certain A Shares of Nantong Jiangtian Chemicals Co., Ltd are subject to a Lock-Up Agreement Ending on 7-JAN-2023. These A Shares will be under lockup for 737 days starting from 31-DEC-2020 to 7-JAN-2023.

Details:
The company's controlling shareholder Nantong Industries Holding Group Co., Ltd. commits 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, 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. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect.

Shareholders Xinyuan Investments Co., Ltd., Jianshan Co., Ltd., Sharehodlers Lu Xingguang, Ji Shanbing, Wu Songhua, Huang Yaohui, Fu Hongbin, Gu Zhifeng, Ji Yonghong, Cheng Shuiming, Zhou Qiang, Qin Yong, Yang Yongjie, Dai Liang, Xu Yi, Guo Yong, Da Guiru, Li Bin, Li Jinming, Shi Yongbing, Chen Dantong, Qiu Xiaofeng, Zhu Hui, Zhang Yongfeng, Chen Mei and Ren Jianjun, directors and managing personnel in the Company, Xu Xiang, Lu Hui and Zhuang Jianxin, supervisors of the Company, commit 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. 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. In the event of a resignation before the expiry of the term of office, the above-mentioned undertaking will continue to be maintained for six months.