Certain A Shares of Qingdao Yunlu Advanced Materials Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 26-NOV-2022. These A Shares will be under lockup for 369 days starting from 22-NOV-2021 to 26-NOV-2022.

Details:
The issuer's controlling shareholder, China Aviation Development Asset Management Co., Ltd., issuer's actual controller, China Aviation Engine Group Co., Ltd., Li Xiaoyu, and a natural person shareholder of the issuer made the commitments regarding the lock-up period after listing have that the issuer shall not transfer or entrust others to manage the shares within 36 months from the date of the initial public offering of shares and listing on the Science and Technology Innovation Board (hereinafter referred to as "the issuance and listing"), nor does it propose that the issuer repurchase shares.

The issuer's natural person shareholders, Guo Keyun and Jiang Zhijun, Qingdao Duobang Equity Investment Management Partnership (Limited Partnership), issuer's directors and senior executives Li Xiaoyu, Pang Jing and Liu Shuhai and the issuer's core technical personnel, Li Qinghua and Jiang Zhibin have made the commitments regarding the lock-up period after listing that the issuer shall not transfer or entrust others to manage the shares within 12 months from the date of the initial public offering of shares and listing on the Science and Technology Innovation Board (hereinafter referred to as "the issuance and listing"), nor does it propose that the issuer repurchase shares.