Certain A Shares of Zhejiang Youpon Integrated Ceiling Co.,Ltd. are subject to a Lock-Up Agreement Ending on 28-JAN-2017. These A Shares will be under lockup for 1102 days starting from 22-JAN-2014 to 28-JAN-2017.

Details:
Company's actual controller Shi Shenxiang, Luo Lianqin committed not to transfer nor entrust to a third party their direct and indirect shares in the company held prior to the IPO, nor allow the company to acquire the said shares within 36 months after the listing date.

Youpon Electrical committed not to transfer nor entrust to a third party their direct and indirect shares in the company held prior to the IPO, nor allow the company to acquire the said shares within 36 months after the listing date.

As the company's director, management personnel, core technical staff, She Shenxiang, Luo Lianqin, Wang Wuliang, Wu Weijiang, Lin Shengquan committed that during their employment, the shares to be transferred every year shall not exceed 25% of their total direct and indirect shares held in the company; shares directly and indirectly held in the company shall not be transferred within 6 months after leaving the position; within 12 months after 6 months from resignation, the number of shares in the company to be transferred through the stock exchange must not exceed 50% of their total direct and indirect shares held in the company.

Shi Shenxiang, Luo Lianqin, Wang Wuliang, Wu Weijiang committed if the closing price of the company's stock for 20 consecutive trading days within 6 months from listing are lower than the IPO issue price, or if the closing price during the end of the 6 month period after the listing is lower than the IPO issue price, then the lockup period will automatically be extended by 6 months.