Certain A Shares of Shengtak New Material Co., Ltd are subject to a Lock-Up Agreement Ending on 2-SEP-2023. These A Shares will be under lockup for 1103 days starting from 25-AUG-2020 to 2-SEP-2023.

Details:
Company holding stockholder, actual controller Zhou Wenqing and actual controller Zong Huanqin, Zhou Yangyi?s, Company shareholder Changzhou Lianhong Enterprise Management Center (Limited Partnership), Company shareholder Changzhou Xintai Enterprise Management Center (Limited Partnership), Other directors and senior management indirectly holding shares in the company through Changzhou Lianhong Enterprise Management Center (Limited Partnership), namely, Miao Yixin, Fan Qi, Li Xinmin, Huang Liqin, Supervisors indirectly holding shares in the company through Changzhou Lianhong Enterprise Management Center (Limited Partnership), namely, Xie Nahui, Zhou Gang, Li Jianwei promised that within 36 months after the listing date, will not transfer nor entrust to others for management the shares directly or indirectly held in the company prior to this IPO, nor allow the company to repurchase the said shares; After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties. After 6 months from demission, there will not be more transfers of shares, either direct or indirect.

Company shareholder Shenzhen Nantongbo Electronic Technology Co., Ltd. promised that within 12 months after the listing date, will not transfer nor entrust to others for management shares directly or indirectly held in the company prior to this IPO, nor allow the company to repurchase the said shares.