Certain A Shares of Hwaxin Environmental Co., Ltd. are subject to a Lock-Up Agreement Ending on 16-DEC-2023. These A Shares will be under lockup for 373 days starting from 8-DEC-2022 to 16-DEC-2023.

Details:
The issuer?s controlling shareholder and actual controller Zhang Jun, Sha Yue, Beijing Hengyi Weiye Enterprise Management Partnership (Limited Partnership), Zhang Yulin and Sha Chudu, the related parties of the issuer?s controlling shareholder and actual controller promised within 36 months from the date of listing of the company?s shares, will not transfer or entrust others to manage the company?s shares held directly or indirectly before this public offering, nor will the company repurchase such shares.

Issuer shareholder Shanghai Kehui Equity Investment Center (Limited Partnership), Jiaxing Qingyu Dunhang Venture Capital Partnership (Limited Partnership), Lin Yaowu, Bao Rurong, Li Yunfei, Haitong Innovation Securities Investment Co., Ltd., Zhejiang Kaixiya International Co., Ltd. , Zhang Yushan, Kong Hongman, Zhang Xilin, Shanghai Kehui Value Investment Management Co., Ltd., Gao Hongjian, Wang Jianming, indirect shareholders Ba Yaer, Yu Le, Liu Yang and Liu Shiquan, who indirectly hold the issuer?s shares through the issuer?s shareholder Hengyi Weiye and serve as supervisors or senior managers promised within 12 months from the date of listing of the company?s shares, I will not transfer or entrust others to manage the company?s shares held directly or indirectly before this public offering, nor will the company repurchase such shares.

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.