Certain A Shares of Western Regions Tourism Development Co.,Ltd are subject to a Lock-Up Agreement Ending on 6-AUG-2023. These A Shares will be under lockup for 1103 days starting from 29-JUL-2020 to 6-AUG-2023.

Details:
The Company?s controlling shareholder Xinjiang Tianchi Holding Co., Ltd. (formerly Fukang State-owned Assets Investment Management Co., Ltd.) promised to not transfer or entrust to a third party the Company?s shares it holds before the public offering, or allow the Company to repurchase these shares within 36 months from the Company?s share listing date.

The Company?s other shareholders Suntime International Techno-Economic Cooperation (Group) Co., Ltd., Hunan Xiangjiang Investment Co., Ltd promised not to transfer or entrust to a third party the Company?s shares they hold before the public offering, or allow the Company to repurchase these shares within 12 months from the Company?s share listing date. The Company?s indirect shareholders serving as directors, senior management Li Xinping, Wang Xiaochun promised not to transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the public offering, or allow the Company to repurchase these shares within 12 months from the Company?s share listing date.