Certain A Shares of Hangzhou Dadi Haiyang Environmental Protection Co., Ltd. are subject to a Lock-Up Agreement Ending on 29-SEP-2023. These A Shares will be under lockup for 737 days starting from 22-SEP-2021 to 29-SEP-2023.

Details:
Holding shareholders, actual controllers Tang Weizhong and spouse Zhang Jielai, Person acting in concert Tang Yuyang, Enterprise under control of the holding shareholder and actual controller Tang Weizhong Hangzhou Gonghe Investment Management Partnership (Limited Partnership) and brother of the actual controller Zhang Jielai Zhang Jiezhong committed 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.

Zhang Jiewei as close relative of actual controller committed 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.

Tang Weizhong as member of the board of directors and senior management personnel committed 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. 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.

Other institutional and natural person shareholders committed 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.

Member of supervisory board with indirect shareholding Song Xiaohua committed 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.

Members of the board of directors and senior management personnel with direct or indirect shareholding Guo Shuizhong, Qiang Yi, Jiang Jianxia, Dong Bin and Zhou Xiongwei Zhang Jiewei committed 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. 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.