Certain A Shares of Tianjin Jiuri New Materials Co., Ltd. are subject to a Lock-Up Agreement Ending on 5-NOV-2023. These A Shares will be under lockup for 1467 days starting from 30-OCT-2019 to 5-NOV-2023.

Details:
The couple Zhao Guofeng and Wang Lixin as the company's actual controller and shareholder, namely, Shandong Shengfeng Investment Co., Ltd. and actual controller?s close relatives, namely, Zhao Guofeng and Zhao Meifeng are brothers and sisters, Wang Lixin and Wang Liping are brothers and sisters. Zhao Meifeng and Wang Liping 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. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect.

The director, supervisor and senior management team and core technician, namely, Kou Fuping, Zhang Qi, Luo Xiang, Mao Guihong, Zhang Jianfeng and other shareholders have agreed not to dispose of their interest for a period of 12 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. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect.

The shares held by the 37 natural persons for some directors, supervisors, senior management and core employees will be under lock up for a period of 3 year from March 07, 2019.