Certain A Shares of Zhangjiagang Guangda Special Material Co., Ltd. are subject to a Lock-Up Agreement Ending on 11-FEB-2021. These A Shares will be under lockup for 385 days starting from 23-JAN-2020 to 11-FEB-2021.

Details:
The company's Company's Zhangjiagang Guangda Investment Holding Co., Ltd., company's actual controllers Xu Weiming, Xu Xiaohui, company's shareholders Zhangjiagang Free Trade Zone Wanding Business Advisory Partnership Enterprise (Limited Partnership), Zhangjiagang Ruishuo Enterprise Management Partnership Enterprise (Limited Partnership), company's actual controller Xu Weiming's younger sister's spouse Xu Jianqiang committed not to transfer or entrust to a third party the company's shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 36 months from the company's share listing date. If, within 6 months after the 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 company's other shareholders holding above 5% stake Xu Hui, Suzhou Bangda Investment Center (Limited Partnership), Zhou Yixiao, Huang Luhao, Ningbo Shiyue Wuxun Equity Investment Partnership Enterprise (Limited Partnership), Zhangjiagang Free Trade Zone Shiyue Haichang Investment Management Partnership Enterprise (Limited partnership), the company's other direct shareholders serving as directors, senior management Ma Jing, Miao Lihui, Gu Jincai, Qian Qiang, Chen Zhijun, company's other shareholders apart from those mentioned above, company's core technical personnel committed not to transfer or entrust to a third party the company's shares it holds 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. If, within 6 months after the 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.