Certain A Shares of Xinjiang Lixin Energy Co., LTD. are subject to a Lock-Up Agreement Ending on 27-JUL-2023. These A Shares will be under lockup for 373 days starting from 19-JUL-2022 to 27-JUL-2023.

Details:
The issuer?s actual controller the State-owned Assets Supervision and Administration Commission of the People?s Government of Xinjiang Uygur Autonomous Region 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.

The issuer?s controlling shareholder Xinjiang New Energy (Group) Co., Ltd. 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.

The issuer?s shareholder Shandong Electric Power Construction Third Engineering Co., Ltd. and Hami City State-owned Assets Investment and Operation Co., Ltd. of Xinjiang Uygur Autonomous Region promised that within 12 months from the date of listing of the issuer?s shares, they will not transfer or entrust others to manage the issuer?s shares directly or indirectly held before the issue, nor will the issuer repurchase the shares.

The issuer?s shareholder Jinggangshan Zhuli Management Consulting Partnership (Limited Partnership) committed that within thirty-six months from the date of listing of the issuer?s shares, it will not transfer or entrust others to manage the issuer?s shares directly or indirectly held before the issue, nor will the issuer repurchase the shares.

The issuer?s shareholder Xinjiang State-owned Capital Industry Investment Fund Limited Partnership, Zhuhai Jiafu Equity Investment Fund Partnership (Limited Partnership), Xinjiang Shenhong New Energy Equity Investment Partnership (Limited Partnership) promised that within 12 months from the date of listing of the issuer?s shares, they will not transfer or entrust others to manage the issuer?s shares directly or indirectly held before the issue, nor will the issuer repurchase the shares.

The issuer?s shareholder Jinggangshan Hefeng Management Consulting 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.