Certain A Shares of Jiangsu Times Textile Technology Co.,LTD are subject to a Lock-Up Agreement Ending on 11-JAN-2023. These A Shares will be under lockup for 371 days starting from 5-JAN-2022 to 11-JAN-2023.

Details:
The Company's actual controllers Lu Biao and Yang Min, holding shareholder Rugao Xintai Investment Co., Ltd., and shareholders Nantong Taida Equity Investment Partnership Enterprise (Limited Partnership) and Nantong Tairan Equity Investment Partnership 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 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.

After the lock-up has expired, while holding office, Lu Biao and Yang Min committed to not transfer more than 25% of shares held each year.

The Company's shareholder Gao Jun 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.

After the lock-up has expired, while holding office, they committed to not transfer more than 25% of shares held each year.