Certain A Shares of Hunan Hualian China Industry Co., Ltd. are subject to a Lock-Up Agreement Ending on 13-OCT-2023. These A Shares will be under lockup for 731 days starting from 12-OCT-2021 to 13-OCT-2023.

Details:
The Company?s actual controllers Xu Junqi and Fu Jun and shareholders Liling Zhiyu Industrial Investment Co., Ltd., Macrolink Asia Industrial Investment Limited, and Cheung Shek Investment Limited 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. While holding office, Xu Junqi and Fu Juncheng committed to transfer not more than 25% of shares held each year.

The Company?s actual controller Fu Jun?s wife Wu Xiangming and daughter Fu Shuangshuang 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.

The Company?s shareholders Liling Hualian Lipan Enterprise Management Consulting Enterprise (Limited Partnership), Liling Hualian Wushi Enterprise Management Consulting Enterprise (Limited Partnership) 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. 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 who are shareholders Ding Xuewen, Ling Qingcai, Peng Long, Ye Jianming, Luo Xinguo, Yi Jinsheng, Tang Rihui 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. 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. While holding office, they committed to transfer not more than 25% of shares held each year.