1,219,152 A Shares of Anhui Chaoyue Environmental Protection Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 13-FEB-2022. These A Shares will be under lockup for 180 days starting from 17-AUG-2021 to 13-FEB-2022.

Details:
The company's actual controller and the actual controller's relatives promised within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.

If the closing price of the company's share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company's share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months.

During the term of office as the company's director, management personnel, the number of shares in the company transferred each year will not exceed 25% of the total shares held in the company.

The company's directors, management personnel, supervisors, Shareholder Chuzhou Dening Enterprise Management Center (Limited Partnership) promised within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.

If the closing price of the company's share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company's share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months.

During the term of office as the company's director, management personnel, supervisors, the number of shares in the company transferred each year will not exceed 25% of the total shares held in the company.