Certain A Shares of Fujian Tendering Co., Ltd. are subject to a Lock-Up Agreement Ending on 12-JAN-2024. These A Shares will be under lockup for 737 days starting from 5-JAN-2022 to 12-JAN-2024.

Details:
Controlling shareholder Fujian Tendering Purchasing Group Co. Ltd. Its persons acting in concert Fujian Provincial Technology Transfer & Industrialization Service Co., Ltd. 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 within 36 months after the listing date. 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.

Shareholders Fujian Yongxu No. 1 Investment Partnership Enterprise (Limited Partnership), Fujian Yongxu No. 2 Investment Partnership Enterprise (Limited Partnership), Fujian Yongxu No. 3 Investment Partnership Enterprise (Limited Partnership) 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 within 36 months after the listing date.

Shareholders Fujian State-owned Enterprise Reform and Restructuring Investment Fund (Limited Partnership), Longhai State-Assets Investment and Management Co., Ltd, Fujian Zhanglong Investment Co., Ltd. and Fujian Jiankun Dexing Asset Management Co., Ltd. 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 within 12 months after the listing date.

Directors and senior managers Wu Mingxi, Wang Wenqing, Dai Junqian, Chen Sheng and Lin Li 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 within 36 months after the listing date. 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. 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.

Director Lin Chao 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 within 12 months after the listing date. 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. 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.