Certain A Shares of Shanghai Shen Lian Biomedical Corporation are subject to a Lock-Up Agreement Ending on 16-OCT-2023. These A Shares will be under lockup for 1462 days starting from 15-OCT-2019 to 16-OCT-2023.

Details:
All shareholders have agreed not to dispose of their interest for a period of 12 months from the date of listing.

The company controlling shareholder and actual controller namely, Nie Dongsheng, Yang Yufang, Yang Congzhou and Wang Dongliang and related party of the actual controllers namely, Shentailian Investments Co., Ltd have agreed not to dispose of their interest for a period of 36 months from the date of listing. 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), 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.