Certain A Shares of Shenzhen VAPEL Power Supply Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 9-DEC-2025. These A Shares will be under lockup for 735 days starting from 5-DEC-2023 to 9-DEC-2025.

Details:
The company?s holding shareholder Shenzhen Nuclear Power Industrial Development Co., Ltd., actual controller China General Nuclear Power Corporation promised:
Within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares.
If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months.
The company?s holding shareholder Shenzhen Zhongyuantong Power Technology Development Co., Ltd., actual controller Ji Xuelong, Zhang Xuejun promised:
Within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares.
If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months.
After the expiration of the above lockup period, during the term of office, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.
Shareholders Shenzhen Zhongxian Chengye Investment Enterprise (Limited Partnership)?Shenzhen Zhongcai Chengye Investment Enterprise (Limited Partnership) promised:
Within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares.

If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months.

Shareholder Shenzhen Zhongneng Chengye Investment Enterprise (Limited Partnership) promised:
Within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares.
Management personnel Lin Jian promised:
Within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares.
If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months.
After the expiration of the above lockup period, during the term of office, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.