Certain A Shares of Jiangsu HHCK Advanced Materials Co.,Ltd are subject to a Lock-Up Agreement Ending on 4-APR-2024. These A Shares will be under lockup for 366 days starting from 4-APR-2023 to 4-APR-2024.

Details:
The Company?s actual controllers Han Jianglong, Cheng Xingming, and Tao Jun committed: to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.
After the lock-up has expired, while holding office, they committed to not transfer more than 25% of shares held each year.

The Company?s shareholder Lianyungang Deyufeng Investment Partnership Enterprise (Limited Partnership) committed: to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.

The Company?s supervisors Chen Qing, Qian Fangfang, and Li Qiming and senior management Yan Jingyi, Xue Jianmin, and Dong Dongfeng committed: to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.
After the lock-up has expired, while holding office, they committed to not transfer more than 25% of shares held each year.

The Company?s core technical employees Tan Wei, Shi Erzeng, Liu Hongjie, Duan Yangyang, and Qin Suqiong committed: to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date.
Within 4 years after the lock-up has expired, while holding office, they committed to not transfer more than 25% of shares held each year.

The Company?s shareholders Juyuan Xincheng (Jiaxing) Equity Investment Partnership Enterprise (Limited Partnership), Quande Xuelou Kexin Venture Capital Fund (Qingdao) Partnership Enterprise (Limited Partnership), Jiangsu Shengyu Huatian Industry Investment Fund (Limited Partnership), Xuzhou Shengxin Semiconductor Industrial Investment Fund Partnership Enterprise (Limited Partnership), Changzhou Qingyuan Zhiben Venture Capital Partnership Enterprise (Limited Partnership), Huzhou Mutong Equity Investment Partnership Enterprise (Limited Partnership), Ningbo Xinkezhi Equity Investment Partnership Enterprise (Limited Partnership), Shenzhen Habo Technology Investment Partnership Enterprise (Limited Partnership), Shen Zhiliang, Nantong Huadawei Electronics Group Co., Ltd., and Chen Jiayu committed: to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date and 36 months from their acquisition completion date.

The Company?s shareholders Yang Senmao, Jiangsu Xinchao Innovation Investment Group Co., Ltd., Tianshui Huatian Technology Co., Ltd., Xu Xiaoping, Wang Xiaowen, Wan Yanshu, Wang Cheng, Yue Lian, Chen Zhiguo, Wang Zhi, Chen Zhao, Luo Guiming, Wang Yifei, Yuan Lei, Xu Jianjun, Zhou Lin, Yang Hao, Li Lanxia, and Cao Yihai committed: to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date.