Certain A Shares of Qingdao Foods CO.,LTD. are subject to a Lock-Up Agreement Ending on 21-OCT-2023. These A Shares will be under lockup for 740 days starting from 11-OCT-2021 to 21-OCT-2023.

Details:
Holding shareholder, actual controller, Qingdao Huatong Sate-owned Capital Operations (Group) Co., Ltd., within 36 months after the listing date, shall 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 shall automatically be extended for 6 months.

Members of board of directors, members of supervisory board, senior management personnel with shareholding, Zhong Ming and Zhao Xianming within 12 months after the listing date, shall 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. During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company. 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 shall automatically be extended for 6 months.

Relatives of members of board of directors, members of supervisory board, senior management personnel with shareholding, Wang Fang, Zhong Xiaowen, Zhong Ping, Lu Huidong, Lu Zhi and Su Jinyuan within 12 months after the listing date, shall 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. During relative?s term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company. 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 shall automatically be extended for 6 months.

All other shareholders Within 12 months after the listing date, shall 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.