Certain A Shares of Hubei Jianghan New Materials Co., Ltd. are subject to a Lock-Up Agreement Ending on 1-FEB-2024. These A Shares will be under lockup for 380 days starting from 17-JAN-2023 to 1-FEB-2024.

Details:
Actual controllers, Gan Shuguan, and Gan Jun, and actual controllers? persons acting in concert, Jian Yongqiang, Chen Shengyun, He Youhua, Hou Xianfeng Li Yunqiang, Ruan Shaoyang, and Tang Yan promised that, within 36 months after the listing date, shall 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, 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 shall automatically be extended for 6 months. During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Members of the board of directors, members of the supervisory board, senior management personnel with direct and/or indirect shares, except actual controllers and their persons acting in concert, Yin Chao, Chen Taiping, He Xufeng, and Cheng Xinhua promised that, within 12 months after the listing date, shall 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. During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Shareholders who are not members of the board of directors, members of the supervisory board, senior management personnel promised that, within 12 months after the listing date, shall 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.