Certain A Shares of Yili Chuanning Biotechnology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 27-DEC-2023. These A Shares will be under lockup for 372 days starting from 20-DEC-2022 to 27-DEC-2023.

Details:
The Company?s holding shareholder Sichuan Kelun Pharmaceutical Co., Ltd., shareholder Chengdu Kelun Ninghui Enterprise Management Partnership Enterprise (Limited Partnership), and actual controller Liu Gexin committed to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.

The Company?s directors, supervisors, and senior management committed: to not transfer or entrust to a third party the Company?s shares they hold directly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.
After the lock-up has expired, while holding office, they committed to not transfer more than 25% of shares held each year.

The Company?s shareholders Chengdu Kelun Ninghe Enterprise Management Partnership Enterprise (Limited Partnership), Chengdu Kelun Ningbei Enterprise Management Partnership Enterprise (Limited Partnership), Haining Dongjun Weizhong Investment Partnership Enterprise (Limited Partnership), Shouguang Yixing Investment Partnership Enterprise (Limited Partnership), Shouguang Huining Chiyuan Investment Partnership Enterprise (Limited Partnership), Shouguang Zhongju Ningcheng Investment Partnership Enterprise (Limited Partnership), Shouguang Yihong Jutou Investment Partnership Enterprise (Limited Partnership), Shouguang Yisirong Investment Partnership Enterprise (Limited Partnership), Sun Shenxia, and Lan Congxian committed: to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date.