Certain A Shares of Zhejiang Hisun Biomaterials Co., Ltd. are subject to a Lock-Up Agreement Ending on 16-AUG-2023. These A Shares will be under lockup for 372 days starting from 9-AUG-2022 to 16-AUG-2023.

Details:
New shareholders Sinopec Group Capital Co., Ltd., Hunan Zhongqi Dongjian Private Equity Investment Partnership (Limited Partnership), Taizhou Jiaojiang Industrial Union Equity Investment Co., Ltd., Taizhou Jiaojiang Urban Development Investment Group Co., Ltd., Taizhou Jiaojiang Chuangya Enterprise Management Partnership (Limited Partnership) Zhuang Xiuli, Suzhou Weiqi Biological Technology Co., Ltd., Taizhou State-owned Assets Investment Group Co., Ltd., Changchun Applied Chemical Technology Corporation, Chinese Academy of Sciences, Taizhou Jiaojiang District Infrastructure Investment Company, Bian Xinchao, Chen Xuesi, Chen Zhiming promised that within 12 months from the date of listing of the issuer?s stock, they shall not transfer or entrust others to manage the shares that I directly or indirectly hold before the issuer?s public offering of shares, nor shall the issuer repurchase my direct or Indirectly held shares issued by the issuer prior to the public offering of shares.

The actual controller of the company, Taizhou Jiaojiang District State-owned Capital Operation Group Co., Ltd., Zhejiang Hisun Group Co., Ltd., the controlling shareholder of the company, Senior Management-Ruan Zhaolu, Liang Wei, Zhang Bensheng, core technical staff-Ma Gaoqi, Employee Stock Ownership Platform-Taizhou Chuangyi, Jiaojiang Chuanghe, Jiaojiang Chuangyou, all employees who hold shares in the company?s employee shareholding platforms (i.e., Taizhou Chuangyi, Jiaojiang Chuanghe, and Jiaojiang Chuangyou) promised that within 36 months from the date of the issuer?s listing, they shall not transfer or entrust others to manage the shares that I directly or indirectly hold before the issuer?s public offering of shares, nor shall the issuer repurchase my direct or Indirectly held shares issued by the issuer prior to the public offering of shares.