Certain A Shares of Shenzhen YHLO Biotech Co., Ltd. are subject to a Lock-Up Agreement Ending on 17-MAY-2023. These A Shares will be under lockup for 735 days starting from 12-MAY-2021 to 17-MAY-2023.

Details:
The company's controlling shareholder, the actual controllers and chairman Hu Kunhui promised that within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. 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. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests.After the expiry of the lock-up period (including the extended lock-up period), the party promise that yearly transfer of shares made by him will not exceed 25% of the holding, and shall not buy the shares within six months after the sale or sell the shares within six months after the purchase. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect.

Shenzhen Puhui Zhonglian Industrial Investment Co., Ltd., shareholder of the company who holds more than 5% shares promised that Within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. 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. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests.

Shenzhen Huadesai Investment Consulting Partnership Enterprise (Limited Partnership), Shenzhen Yikanghua Investment Consulting Partnership Enterprise (Limited Partnership), Shenzhen Ruihuajian Investment Consulting Partnership (Limited Partnership), Shenzhen Longkangsheng Investment Consulting Partnership Enterprise (Limited Partnership) and Shenzhen Jinruikang Investment Consulting Partnership Enterprise (Limited Partnership), the shareholders of the company promised that within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company.

Song Yongbo, the shareholder, vice chairman and general manager of the company; Xia Fuzhen and Xiao Yujing, the shareholder, director, vice general manager, core technical staff of the company; Pang Shihong, the shareholder, financial commitment and secretary of the board; Qian Chungen, the vice general manager, core technical staff; Zhou Yi, Zhang Shunwen, Wang Bin and Liu Dengming, the directors of the company who don't hold company shares; Yang Wenya, He Fan and Ye Xiaohui, the supervisory of the company; He Dingliang, the vice general manager of the company promised that within 12 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. 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. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests. After the expiry of the lock-up period (including the extended lock-up period), the party promise that yearly transfer of shares made by him will not exceed 25% of the holding, and shall not buy the shares within six months after the sale or sell the shares within six months after the purchase. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect.

Other shareholders of the company promised that within 12 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company.