Certain A Shares of Tongxing Environmental Protection Technology Co.,Ltd are subject to a Lock-Up Agreement Ending on 18-DEC-2022. These A Shares will be under lockup for 738 days starting from 10-DEC-2020 to 18-DEC-2022.

Details:
The actual controller of the issuer Zheng Guangming and Zhu Qingya, Shareholders Zhu Ning, Jie Daodong, Lang Yiguang, Zheng Zhicheng, Li Yan, Zhang Feng promised that within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties.

Other shareholders of the issuer Anhui Gaoxin Jintong Anyi Equity Investment Fund (Limited Partnership), Luxi Venture Equity Investment Partnership (Limited Partnership), Ningbo Chenhui Shengjing Equity Investment Partnership (Limited Partnership), Anhui Gaoxin Jintong Anyi second phase of the venture capital fund (limited partnership), You Hefei Xianghai Energy Conservation and Environmental Protection Investment Partnership (Limited Partnership), Chu Jieyi, Huang Zhiyu, Zeng Xingsheng, Jiang Jianbing and Yan Xiaoping that within 12 months since the date of listing of the present shares in the Shenzhen Stock Exchange, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties.

Commitment of directors, supervisors and senior management who directly hold the issuer's promised that within 12 months since the date of listing of the present shares in the Shenzhen Stock Exchange, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company.