Certain A Shares of Hangzhou Flariant Co., Ltd. are subject to a Lock-Up Agreement Ending on 25-OCT-2022. These A Shares will be under lockup for 375 days starting from 15-OCT-2021 to 25-OCT-2022.

Details:
The company's shareholders, Li Baichun and Li Chunwei promised 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. 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. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests. Ningbo Meishan Bonded Port Area Bailing Enterprise Management Partnership (Limited Partnership) promised 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.

The directors, supervisors and senior managers holding company shares promised within 12 months since the date of listing of the present shares in the Shanghai Stock Exchange, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. All other shareholders promised within 12 months since the date of listing of the present shares in the Shanghai Stock Exchange, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company.