Certain A Shares of Wenzhou Yuanfei pet toy products Co., Ltd. are subject to a Lock-Up Agreement Ending on 18-AUG-2023. These A Shares will be under lockup for 374 days starting from 9-AUG-2022 to 18-AUG-2023.

Details:
The actual controllers Zhuang Mingyun, Zhu Xiaorong, and Zhuang Mingchao 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), 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.

The company's shareholder Pingyang County Shengrui Entrepreneurship Service Center (Limited Partnership) 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.

The company's shareholders Pingyang County Shengxun Entrepreneurship Service Center (Limited Partnership) and Pingyang County Shengyu Entrepreneurship Service Center (Limited Partnership) 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.

Company shareholders Pingyang County Shengjin Entrepreneurship Service Center (Limited Partnership), Pingyang County Shengfei Entrepreneurship Service Center (Limited Partnership), Pingyang Jindasheng Equity Investment Partnership (Limited Partnership) committed 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. For the company shares they got before IPO, through PP, the lock up period would be 36 months since 28th Dec. 2020.

Zhuang Mingyun, Zhu Xiaorong, Zhuang Mingchao, Chen Qun, Wang Lili, Feng Mingchao, Tan Yunfeng, Li Chang, Zhang Lijiao, and Lin Min who serve as directors, supervisors and senior managers 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), 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.