Certain A Shares of Chongqing Changjiang River Moulding Material (Group) Co., Ltd. are subject to a Lock-Up Agreement Ending on 24-DEC-2022. These A Shares will be under lockup for 372 days starting from 17-DEC-2021 to 24-DEC-2022.

Details:
The Company's controlling shareholder and actual controller Xiong Ying and Xiong Jie, together with parties acting in concert Xiong Fan and Xiong Yin, and connected individual shareholder Zhuang Xiong committed: to not transfer or entrust to a third party the Company's shares they hold directly or indirectly before the public offering, or allow the Company to repurchase these shares within 36 months from the Company's share listing date.

The Company's other shareholders, Other senior executives who hold shares in the company Cao Kefu, Han Yue, Zhou Lifeng, Jiang Shixue, and supervisors Jiang Ying, Chen Qiuqing and others 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. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 month from listing, lock-up period will be automatically extended for another 6 months.