Certain A Shares of Jiangxi Yuean Advanced Materials Co.,Ltd. are subject to a Lock-Up Agreement Ending on 20-AUG-2022. These A Shares will be under lockup for 365 days starting from 20-AUG-2021 to 20-AUG-2022.

Details:
The company's actual controllers Li Shangkui, Li Bo, shareholder Guangzhou Yuelong Investment Co., Ltd. (later name changed to Ganzhou Yuelong Investment Co., Ltd.), shareholder Ganzhou Yuelong Enterprise Management Partnership Enterprise (Limited Partnership), Ganzhou Hongyue Enterprise Management Partnership Enterprise (Limited Partnership), indirect shareholder and core technical personnel Li Xianxin, Luo Yongdi promised that within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company's share is lower than the issue price for 20 consecutive trading days within 6 months after listing, then the lockup period will automatically be extended for 6 months.

Shareholder Yu Yuanbao, Wang Bing promised that within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company's share is lower than the issue price for 20 consecutive trading days within 6 months after listing, then the lockup period will automatically be extended for 6 months.

Shareholder Ganzhou Ruihe Equity Investment Partnership Enterprise (Limited Partnership), Ganzhou Ruizhi Equity Investment Partnership Enterprise (Limited Partnership), Pingxiang Ruilan Equity Investment Partnership Enterprise (Limited Partnership), Wu Tianjiao, Zhou Weiming, Wu Shichun, Liu Xiaoyun, Jiangxi Baifuyuan New Material Venture Capital Fund (Limited Partnership) promised that within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.

Indirect shareholder and supervisor Song Yan, Chen Yumei, Cai Wei promised that within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.