Certain A Shares of Xinxiang Richful Lube Additive Co., Ltd are subject to a Lock-Up Agreement Ending on 27-NOV-2023. These A Shares will be under lockup for 1098 days starting from 24-NOV-2020 to 27-NOV-2023.

Details:
The Company?s controlling shareholder, actual controller Guo Chunxuan has promised not to 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, expected to be November 27, 2020. 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 months from listing, lock-up period will be automatically extended for another 6 months.

The Company?s shareholders Ma Zhenfang, Shang Qingchun, Wang Shaohui have committed 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. 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 months from listing, lock-up period will be automatically extended for another 6 months.

The Company?s shareholders Wang Suhua, Qiao Qingwen, Xinxiang County Hongrun Advisory Service Center (Limited Partnership), Tibet Yinuosi Equity Investment Partnership Enterprise (Limited Partnership), Ruan Ronglin, Li Zhenhe, Anyang Huitong Gaochuang New Materials Venture Capital Partnership Enterprise (Limited Partnership), Zhang Weiwen, company?s supervisors Zhang Yong, Duan Haitao, Zhou Liqiang, the Company?s shareholders Qianhai Equity Investment Fund (Limited Partnership), Qianhai Fangzhou Asset Management Co., Ltd., Suzhou Songhe Growth No. 2 Venture Capital Center (Limited Partnership), Shenzhen Songhe Guochuang Xinneng Equity Investment Fund Partnership Enterprise (Limited Partnership), Sinopec Capital Co., Ltd. have committed 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.