Certain A Shares of Xinjiang Baodi Mining Co., Ltd. are subject to a Lock-Up Agreement Ending on 2-MAR-2024. These A Shares will be under lockup for 365 days starting from 3-MAR-2023 to 2-MAR-2024.

Details:
The company?s actual controller State-owned Asset Supervision and Administration Commission of Xinjiang; Xinjiang Baodi Investment Co., Ltd; and Turpan Jinyuan Mining and Metallurgy Co., Ltd will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares, within 36 months after the listing date. 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, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months.

The company?s shareholders Xinjiang Runhua Equity Investment Co., Ltd and Xinjiang Haiyi Equity Investment Co., Ltd will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares, within 12 months from the date of signing this letter of commitment to the listing date.

The company?s shareholders Xinjiang Runshi Investment Co., Ltd., Sichuan Zhongjian Boren Medical Management Co., Ltd., Xinjiang Jintou Asset Management Co., Ltd, Xinjiang Kaidi Investment Co., Ltd, Xinjiang State-owned Capital Industrial Investment Fund Limited Partnership, Ningbo Yongfeng Enterprise Management Partnership Enterprise (Limited Partnership), Jiaxing Baodi Yuncang Enterprise Management Partnership Enterprise (Limited Partnership), Jiaxing Baorun Enterprise Management Partnership Enterprise (Limited Partnership), Jiaxing Baoyi Enterprise Management Partnership Enterprise (Limited Partnership), Jiaxing Zhenming Enterprise Management Partnership Enterprise (Limited Partnership), Xu Sihan, Yao Xuelin, Li Zhijie, Zhao Qiuxiang will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares, within 36 months from the date of obtaining company shares and within 12 months from the listing date.