Certain A Shares of Qingdao Huicheng Environmental Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 22-MAY-2023. These A Shares will be under lockup for 1462 days starting from 21-MAY-2019 to 22-MAY-2023.

Details:
The company's controlling shareholder Zhang Xingong and shareholder Huicheng Xinde Investments Co., Ltd committed not to transfer or entrust to a third party the company's shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 36 months from the company's share listing date.

The shareholders Daobo Jiamei Investments Co., Ltd, Shandong Gaoxin Investments Co., Ltd and Yihong Investments Co., Ltd committed not to transfer or entrust to a third party the company's shares they hold directly or indirectly before the public offering, or allow the company to repurchase these shares within 12 months from the company's share listing date.

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. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect.