Certain A Shares of Suzhou Fushilai Pharmaceutical Co., Ltd. are subject to a Lock-Up Agreement Ending on 29-MAR-2024. These A Shares will be under lockup for 737 days starting from 23-MAR-2022 to 29-MAR-2024.

Details:
The company?s controlling shareholder Suzhou Fujilai Technical Service Development Center (Limited Partnership) promises 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.

The actual controller of the company Qian Xiangyun promised 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), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

Directors Qian Xiangyun, Bian Aijin, Lu Jiangang, and senior executives Wang Yongxing and Qian Guiying, who directly or indirectly hold the company?s shares, promised 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.

For the company shares they got from Suzhou Fujilai Technical Service Development Center (Limited Partnership), the lock-up period is 36 months. 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), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

Other shareholders Wujiang Orient GuoFa Venture Investment Co., Ltd., Suzhou Guofa Angel Venture Capital Enterprise (Limited Partnership), Suzhou Longju Chuanglian Venture Capital Enterprise (L.P.) Other natural person shareholders promised 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. Other natural person shareholders who got company shares from Suzhou Fujilai Technical Service Development Center (Limited Partnership) promised the lock-up period is 36 months.