<div id="readability-page-1"><div><p>Certain A Shares of Friend Co.,Ltd. are subject to a Lock-Up Agreement Ending on 24-SEP-2025. These A Shares will be under lockup for 1840 days starting from 10-SEP-2020 to 24-SEP-2025.</p><p>  Details:<br/> The company's controlling shareholder, actual controllers Cui Jianhua and Cui Jianbing, Shanghai Human Resources Investment Management Partnership (Limited Partnership) committed not to transfer or entrust to a third party the company?s shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 36 months since the company?s share listing date. 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 months 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. 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 rescindment, there will not be more transfers of shares, either direct or indirect. If any of the parties were to resign within 6 months from the present IPO, neither direct nor indirect holdings might be transferred or sold for 18 months since the date of rescinding. If the parties resign within 7 to 12 months after the IPO, neither direct nor indirect holdings might be transferred or sold for 12 months since the date of rescinding.</p><p>  The relative of actual the actual controllers Zhang Bing and Shen Shiping who indirectly hold shares of the issuer have agreed not to dispose of their interst for a period of 36 months from the date of listing. 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.</p><p>The company?s shareholder Shanghai Xingsheng Investment Partnership (Limited Partnership), Shanghai Futong Enterprise Management Consulting Partnership (Limited Partnership), Meng Ling, Zhang Haibing, Chen Hua, Cai Yongsheng, Liu Yu, the supervisors Cui Huaixiang, Fu Jingyang and Dong Hongyan who indirectly hold shares of the issuer committed not to transfer or entrust to a third party the company?s shares they hold directly or indirectly before the public offering, or allow the company to repurchase these shares within 12 months since the company?s share listing date. 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 months 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. the declaration of separation, since the declaration of departure within 12 months from the date of the transfer of the person directly or indirectly, the issuer shares.</p></div></div>

福然德

<p>福然德有限公司的某些 A 股在鎖定協議下，直到 2025 年 9 月 24 日，鎖定期為 1840 天，自 2020 年 9 月 10 日起計算。控股股東承諾在公開發行之前不轉讓其股份，並在特定條件下面臨鎖定期的自動延長。鎖定期結束後，股份轉讓將限制為每年持股的 25%。對於實際控制人的親屬和其他股東，關於首次公開募股後特定時期的股份轉讓還適用額外限制</p>

福然德股份有限公司的部分 A 股受到鎖定協議的限制，該協議將於2025年9月24日到期