Certain A Shares of Guangzhou Newlife New Material CO., LTD are subject to a Lock-Up Agreement Ending on 6-JUN-2024. These A Shares will be under lockup for 374 days starting from 29-MAY-2023 to 6-JUN-2024.

Details:
The controlling shareholder's commitment to the lock-up of the shares held, the extension of the lock-up period and the price reduction is that within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 months from listing, lock-up period will be automatically extended for another 6 months.

The actual controller and Wang Xiaoyang, a relative of the actual controller?s commitment is that within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 months from listing, lock-up period will be automatically extended for another 6 months.

Commitment of legal person shareholders holding more than 5% of the shares on the lock-up of the shares held is that within 12 months from the date of the issuer?s initial public offering and listing, they will not transfer or entrust others to manage the shares that they directly or indirectly hold before the issuer?s public offering of shares, nor will the issuer repurchase the shares.

Maebashi Kiyoshi and Maebashi Yoshiyuki's commitment on the lock-up of the shares held is that within 12 months from the date of the issuer?s initial public offering and listing, they will not transfer or entrust others to manage the shares that they directly or indirectly hold before the issuer?s public offering of shares, nor will the issuer repurchase the shares.

Other shareholders Shenzhen Chunyang Yunsong Venture Capital Partnership (Limited Partnership) Commitment that within 12 months from the date of the issuer?s initial public offering and listing, they will not transfer or entrust others to manage the shares that they directly or indirectly hold before the issuer?s public offering of shares, nor will the issuer repurchase the shares.
The natural person shareholder Wang Xiaodong promises that within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months.

Ningbo Cicheng Enterprise Management Partnership (Limited Partnership), Ningbo Junci Commitment that within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months.

Commitment of directors, supervisors and senior executives who indirectly hold company shares, Supervisor promise that within 12 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

Shareholding directors and executives promises that within 12 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 months from listing, lock-up period will be automatically extended for another 6 months. After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.