Certain A Shares of Qingdao Baheal Medical INC. are subject to a Lock-Up Agreement Ending on 1-JUL-2023. These A Shares will be under lockup for 739 days starting from 22-JUN-2021 to 1-JUL-2023.

Details:
The company’s holding shareholder Baheal Pharmaceutical Holdings Limited, the other enterprises controlled by the company’s actual controller Fu Gang including Beijing Baiyang Chengchuang Pharmaceutical Investment Co., Ltd. Tianjin Huitong Asset Management Partnership Enterprise (Limited Partnership) Tianjin Haohui Asset Management Partnership Enterprise (Limited Partnership) Tianjin Huizhong Asset Management Partnership Enterprise (Limited Partnership) Tianjin Huitong Asset Management Partnership Enterprise (Limited Partnership) promised:
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 6 months.

The company’s actual controller, chairman of the board, general manager Fu Gang promised:

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 6 months.

After the expiration of the lockup period, during the term of service as the company’s director, supervisor, management personnel, the number of shares transferred each year in the company will not exceed 25% of the total number of shares held in the company.

The company’s directors Hai Shen, Zhu Xiaowei, Song Qing, Wang Guoqiang, Wang Yang, Sun Dongdong, Tian Wenzhi, Wang Yaping, Wang hong, management personnel Zhang Yuan promised:

Within 12 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 6 months.

After the expiration of the lockup period, during the term of service as the company’s director, supervisor, management personnel, the number of shares transferred each year in the company will not exceed 25% of the total number of shares held in the company.

The company’s supervisors Li Lihua, Xiao Li, Qi Fei, Li Xuebiao, Huang Zhiyong promised:

Within 12 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.

After the expiration of the lockup period, during the term of service as the company’s director, supervisor, management personnel, the number of shares transferred each year in the company will not exceed 25% of the total number of shares held in the company.

Tianjin Qingzheng Asset Management Partnership Enterprise (Limited Partnership) Beijing Hongshan Mingde Equity Investment Center (LP) Tibet Qunying Investment Center (Limited Partnership) Shanghai Haoxintong Investment Development Center (Limited Partnership) Beijing Legend Maolin Equity Investment Partnership Enterprise (L.P.) Beijing New Generation Digital Media Technology Co., Ltd., GF Qianhe Investment Co., Ltd. promised:

Within 12 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.