Certain A Shares of Jiangsu Topfly New Materials Co., Ltd. are subject to a Lock-Up Agreement Ending on 1-JUN-2024. These A Shares will be under lockup for 372 days starting from 26-MAY-2023 to 1-JUN-2024.

Details:
Actual Controller Zhang Wei committed that within 36 months from the listing date, will not transfer or entrust others to manage the direct or indirect shares held prior to issuance, nor will allow the company to repurchase the said shares. During the term of office as director/senior management, the amount of shares that can be transferred annually should not exceed 25% of the total direct or indirect shares held in the company; No direct or indirect shares can be transferred within 6 months after resignation.

Shareholder Wang Jian committed that within 12 months from the listing date, will not transfer or entrust others to manage the direct or indirect shares held prior to issuance, nor will allow the company to repurchase the said shares. During the term of office as director/senior management, the amount of shares that can be transferred annually should not exceed 25% of the total direct or indirect shares held in the company; No direct or indirect shares can be transferred within 6 months after resignation.

Shareholders Yu Junde and Jiang Rui committed that within 12 months from the listing date, will not transfer or entrust others to manage the direct or indirect shares held prior to issuance, nor will allow the company to repurchase the said shares. During the term of office as senior management, the amount of shares that can be transferred annually should not exceed 25% of the total direct or indirect shares held in the company; No direct or indirect shares can be transferred within 6 months after resignation.