Certain A Shares of Fujian Supertech Advanced Material Co., Ltd. are subject to a Lock-Up Agreement Ending on 12-FEB-2023. These A Shares will be under lockup for 1106 days starting from 2-FEB-2020 to 12-FEB-2023.

Details:
The company's controlling shareholder and actual controller, Wang Kunming, Wang Meilan, related party to the controlling shareholder of the Company, Wang Yang, related party to controlling shareholder, committed that within 36 months after the listing date and within 6 months after resignation, 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.

Directors, supervisors, and senior management personnel who hold or indirectly hold shares of the Company, Yang Jiaying, Yan Langji, Luo Xuebin, Liu Zhuping, Zhang Bihui and Wu Song, 5 Senior executives who directly hold the company's shares (also the company's core technical staff) Liu Qiang and Xie Zhengang, Yu Xiyou and Chen Jingming, other core technical personnel who directly or indirectly hold shares of the company, Corporate Institutional Shareholder Red Cloak Investment Co., Ltd, Shareholder Zhang Ying commits , and Li Wenzhong and other 19 shareholders of the Company promised that 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.