Certain A Shares of Shenzhen Water Planning & Design Institute Co., Ltd. are subject to a Lock-Up Agreement Ending on 4-AUG-2023. These A Shares will be under lockup for 743 days starting from 22-JUL-2021 to 4-AUG-2023.

Details:
The Company?s holding shareholder and actual controller Shenzhen Investment Holdings Co., Ltd. committed not to transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.

Shenzhen Shuiguiyuan Investment Co., Ltd. committed not to transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date.

Shenzhen Expressway Co., Ltd., Shenzhen Water (Group) Co., Ltd., and Shenzhen Techand Ecology & Environment Co., Ltd. Committed not to transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 24 months from the listing date.

The Company?s directors, supervisors, and senior management committed not to transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months. They also committed not to transfer more than 25% of shares held each year as they continue to be the Company?s directors, supervisors, and senior management.