Certain A Shares of Suzhou YourBest New-type Materials Co.,Ltd. are subject to a Lock-Up Agreement Ending on 6-JUN-2023. These A Shares will be under lockup for 372 days starting from 30-MAY-2022 to 6-JUN-2023.

Details:
Suzhou Juxinyuan Enterprise Management Co., Ltd and Suzhou Yuzhiban Enterprise Management Partnership (Limited Partnership) committed 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.

The actual controllers Xiao Feng and Lin Min 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. 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.

Wuxi Zhongyuan New Energy Development Center (Limited Partnership), Zhejiang Zhechuang Haoyu Emerging Industry Equity Investment Partnership (Limited Partnership), Tianhe Smart Energy Investment Development (Jiangsu) Co., Ltd., Liu Zhengmao, Liu Jun, Quan Pu committed that within 36 months from the date of completion of the industrial and commercial change procedures for acquiring the shares of the issuing company (June 22, 2020), and within 12 months from the date of listing of the shares of the issuing company (the later of the above time The company shall not transfer or entrust others to manage the company's directly or indirectly held shares issued before the issuance, nor shall the company repurchase such shares.

Shareholders Ji Jun and Gu Wan of the Company committed that within 12 months from the date of the issuer's listing, they shall not transfer or entrust others to manage the shares that they directly or indirectly hold before the issuer's public offering of shares, nor shall they be subject to the issuer repurchases the shares that the issuer directly or indirectly holds before the issuer's public offering.