Certain A Shares of Quzhou Wuzhou Special Paper Co., Ltd. are subject to a Lock-Up Agreement Ending on 10-NOV-2023. These A Shares will be under lockup for 1102 days starting from 3-NOV-2020 to 10-NOV-2023.

Details:
The Company?s holding shareholders and actual controllers Zhao Yunfu, Lin Cailing, Zhao Lei, and Zhao Chenjia, the actual controllers? relatives Cao Liang, Lin Wanming, and Zhao Yunfei, and the Company?s ESOP Ningbo Yunlan Investment Partnership Enterprise (Limited Partnership) committed: to not 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.

The Company?s shareholders Jiaxing Gudao Xufeng Phase II Equity Investment Partnership Enterprise (Limited Partnership), Ningbo Junquan Xinde Investment Partnership Enterprise (Limited Partnership), Wenzhou Longwan Kechuang Equity Investment Fund Partnership Enterprise (Limited Partnership), Hu Weide, Jiang Yunfei, and Luo Bangyi, and the Company's other directors, supervisors, and senior management committed: to not 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.