Certain A Shares of Shandong Sanyuan Biotechnology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 10-FEB-2024. These A Shares will be under lockup for 743 days starting from 28-JAN-2022 to 10-FEB-2024.

Details:
The company's controlling shareholder and actual controller Nie Zaijian promises 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), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

Cheng Baohua, Li Dechun, Wei Hongfu, Cao Ying, Cui Lupeng, Zheng Haijun, Yu Junling, directors and senior executives who hold shares of the company promised within 12 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), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

Supervisors Cui Zhenqian and Zha Decai, who hold shares in the company, promises within 12 months from the date of listing, they will not transfer or entrust others to manage the shares that it hold before the IPO, nor there will be any repurchase.

Dai Yanlin, other core personnel holding company shares, promised within 12 months from the date of listing, they will not transfer or entrust others to manage the shares that it hold before the IPO, nor there will be any repurchase.

Shandong Luxin Capital Market Development Equity Investment Fund Partnership (Limited Partnership) promises within 12 months from the date of listing, they will not transfer or entrust others to manage the shares that it hold before the IPO, nor there will be any repurchase.

Lü Xi'an, a shareholder who holds more than 5% of the company's shares, promises within 12 months from the date of listing, it will not transfer or entrust others to manage the shares that it hold before the IPO, nor there will be any repurchase.

Company's shareholder Nie Yushu promises within 36 months from the date of listing, it will not transfer or entrust others to manage the shares that it hold before the IPO, nor there will be any repurchase.