Certain A Shares of Shandong Kuntai New Material Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 17-FEB-2024. These A Shares will be under lockup for 373 days starting from 9-FEB-2023 to 17-FEB-2024.

Details:
The company?s holding shareholder, actual controller, chairman, general manager Zhang Ming, company?s shareholder Li Feng, company?s directors, management personnel Chen Kai, Geng Jiahui and company?s director Su 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 at least 6 months. After the expiration of the lockup period, during the term of office in the company as director, supervisor, management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

The company?s shareholder Ningbo Meishan Free Trade Port Area Kuncheng Investment 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 at least 6 months.

The company?s shareholder Ningbo Bochuang Zhizhi Investment Partnership Enterprise (Limited Partnership) 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.

Company Supervisor Wang Manyi 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.After the expiration of the lockup period, during the term of office in the company as director, supervisor, management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.