Certain A Shares of Yongtaiyun Chemical Logistics Co.,Ltd are subject to a Lock-Up Agreement Ending on 29-APR-2024. These A Shares will be under lockup for 734 days starting from 26-APR-2022 to 29-APR-2024.

Details:
The Company?s actual controller and holding shareholder Chen Yongfu, person acting in concert and shareholder Ningbo Yongtai Qintang Investment Partnership Enterprise (Limited Partnership), and actual controller Jin Ping 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. In the 2 years after the lock-up has expired, they committed to transfer not more than 40% of shares held. After the lock-up has expired, while holding office, Chen Yongfu and Jin Ping committed to transfer not more than 25% of shares held each year.

The Company?s directors, supervisors, and senior management Song Lei, Wu Jin, and Zhou Xiaoyan 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. In the 2 years after the lock-up has expired, they committed to transfer not more than 40% of shares held. After the lock-up has expired, while holding office, they committed to transfer not more than 25% of shares held each year.

The Company?s shareholders Ningbo Meishan Bonded Port Area Zhonghui Xiangtian Venture Capital Partnership Enterprise (Limited Partnership), Shaoxing Shangyu Jinghua Equity Investment Partnership Enterprise (Limited Partnership), Shaoxing Shangyu Gantai Equity Investment Partnership Enterprise (Limited Partnership), Shaoxing Shangyu Ganbang Equity Investment Partnership Enterprise (Limited Partnership), Deqing Jinyecai Equity Investment Fund Management Partnership Enterprise (Limited Partnership), Hangzhou Caitong Youchuang Venture Capital Partnership Enterprise (Limited Partnership) shareholder who holds less than 5% Zhejiang Longsheng Group Co., Ltd., Runtu Jinheng (Jiaxing) Investment Partnership Enterprise (Limited Partnership), Zhuji Wenchen 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 12 months from the listing date.

Wang Qiaoling, shareholder who holds more than 5%, shareholder who holds less than 5% Tan Guoliang and Peng Xunhua promised that within 36 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.