Certain A shares of Shanghai Zhongzhou Special Alloy Materials Co., Ltd. are subject to a blocking agreement expiring on April 9, 2022.

Certain A shares of Shanghai Zhongzhou Special Alloy Materials Co., Ltd. are subject to a blocking agreement ending on April 9, 2022. These A shares will be blocked for 375 days from 30-MAR-2021 to 9-APR-2022. Details: Feng Mingming, holding shareholder and effective controller of the Company, and shareholder Shanghai Dunjia Investment Management Co., Ltd. have undertaken: not to transfer or entrust to a third party the shares of the Company that they hold directly or indirectly before the issue, or to allow the company to redeem these shares within a period of 36 months from the date registration. If within 6 months after listing, the closing price of the shares is lower than the issue price for 20 consecutive trading days or if the share price is below the issue price 6 months after listing, the period of unavailability will be automatically extended for another 6 months. After the expiration of the block, while holding office, Feng Mingming pledged not to transfer more than 25% of the shares held each year. The shareholder of the Company, Beijing Ruijin Dongfang Information Consulting Partnership Enterprise (Limited Partnership), has undertaken to: not transfer or entrust to a third party the shares of the Company that it holds directly or indirectly before the issuance, nor allow the company to redeem these shares within 36 months of the listing date. Company shareholder Jiang Wei, directors Han Ming, Xu Liang, Yin Haibing and indirect shareholders, supervisors Li Meng and Zhang Qingdong and senior managers Jiang Jun, Zhu Hongzhi, Pan Qian and Lv Yong, committed: not to sell or entrust to a third party the shares of the Company that they hold directly or indirectly before the issue, or allow the company to buy back these shares within a period of 12 months from the date of listing . If within 6 months after listing, the closing price of the shares is lower than the issue price for 20 consecutive trading days or if the share price is below the issue price 6 months after listing, the period of unavailability will be automatically extended for another 6 months. After the expiration of the block, during their tenure, Han Ming, Xu Liang, Yin Haibing, Li Meng, Zhang Qingdong, Jiang Jun, Zhu Hongzhi, Pan Qian and Lv Yong pledged not to transfer more than 25% of the shares detained each year. The shareholder of the Company, Tianjin Haitong Innovation Equity Investment Partnership Enterprise (Limited Partnership), has undertaken: not to transfer or entrust to a third party the shares of the Company that it held directly or indirectly before the issue, nor allow the company to redeem these shares within 12 months of the listing date.