Certain A Shares of Shenzhen Bromake New Material Co., Ltd. are subject to a Lock-Up Agreement Ending on 19-APR-2024. These A Shares will be under lockup for 375 days starting from 10-APR-2023 to 19-APR-2024.

Details:
Controlling shareholder Shenzhen Huike Zhixuan Investment Limited Partnership and Shareholder Shenzhen Tongchuang Zhixuan Investment Limited Partnership 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.

Actual controller Ma Zenglong and Shareholder, member of the board of directors, Zhang Jingtao 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. 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.

Shareholder, Shenzhen Qianhai Yuxi Industrial Partnership Enterprise (Limited Partnership) and Shareholder, Xiahou Zaoyao 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.

Indirect shareholders, member of the board of directors, Wang Hui and Ma Ying committed 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. For the additional issuer?s shares obtained as a result of acquisition of the partnership share in Shenzhen Tongchuang Zhixuan Investment Limited Partnership, these 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 from obtaining the shares. Apart from the shares described above, all other shares held: 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.

Indirect shareholders, members of supervisory board, Wu Yonghong, He Jianxiong, Yao Xin?an and Indirect shareholder, Senior management personnel, Li Haiquan 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.