Certain A Shares of PharmaResources (Shanghai) Co., Ltd. are subject to a Lock-Up Agreement Ending on 1-NOV-2023. These A Shares will be under lockup for 376 days starting from 21-OCT-2022 to 1-NOV-2023.

Details:
The company?s controlling shareholder PharmaResources (HongKong) Co., Ltd. and Shanghai Dingyun Investment Management Consulting Partnership (Limited Partnership) promised 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.

The company?s actual controllers and directors/senior managers PING CHEN, An Rongchang and Jiang Shengli promised 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), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

The company?s shareholders WEALTHVALUE HK LIMIT, Xi?an Taiming Equity Investment Partnership (Limited Partnership), Zhuhai Zaiheng Equity Investment Partnership (Limited Partnership), Huimei Kangying (Tianjin) Enterprise Management Consulting Partnership (Limited Partnership) promised that within 12 months from the date of the issuer?s initial public offering and listing of shares, it shall not transfer or entrust others to manage the issuer?s shares held by the issuer before this issue and listing, nor shall the issuer be required to repurchase that part of the Shares.

Company shareholders Shenyang Fubon Investment Co., Ltd., Dingtai Haifu Investment Management Co., Ltd., Beijing Zhongfu Cornerstone Investment Center (Limited Partnership), Beijing Zhongfu Growth Equity Investment Center (Limited Partnership), Shenzhen Yingyuntong No. 2 Investment Partnership (Limited Partnership) Partnership), Li Da, Wang Chunlei, Xu Jun and Jinan Hongtaiyang Investment Management Co., Ltd. promised that within 12 months from the date of the issuer?s initial public offering and listing of shares, it shall not transfer or entrust others to manage the issuer?s shares held by the issuer before this issue and listing, nor shall the issuer be required to repurchase that part of the Shares.

The supervisors and senior executives Dong Xuejun, Sun Peihua, He Xiaojing, Li Shicheng, ZHEN-WEI CAI, and Li Haifeng who hold shares of the company promised that 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), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.