Certain A Shares of Suzhou Shihua New Material Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 30-SEP-2023. These A Shares will be under lockup for 1101 days starting from 24-SEP-2020 to 30-SEP-2023.

Details:
Gu Zhengqing, the company's controlling shareholder, the actual controller, director, senior executive and core technician, the actual controllers of the company Kuai Lili, Cai Huijuan and Lü Gang 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