Certain A Shares of Beijing SinoHytec Co., Ltd. are subject to a Lock-Up Agreement Ending on 11-AUG-2023. These A Shares will be under lockup for 1103 days starting from 3-AUG-2020 to 11-AUG-2023.

Details:
The company's controlling shareholder and the Company?s actual controller, Zhang Guoqiang commited 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. 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. 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.

Shareholders Bo Wei, Nanning Shuimu Vision Venture Capital Center (Limited Partnership)?Beijing Anpeng Xingyuan New Energy Industry Investment Center (Limited Partnership)?Shenzhen Anpeng Automotive Aftermarket Industry Fund (Limited Partnership)?Suzhou Xinding Kenge Investment Partnership (Limited)?Beijing Zhongguancun Development Qihang Industrial Investment Fund (Limited Partnership)?Suzhou Qingyan Automobile Industry Venture Capital Enterprise (Limited Partnership)?Runwu Holdings Limited?Shenzhen Hanergy New Economy Equity Investment Fund Partnership (Limited)?Hubei Changjiang Zhixin New Energy Investment Center (Limited Partnership), Core technical personnel holding shares committed that within 12 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. 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.

Directors and managing personnel holding shares in the Company, Supervisors holding shares in the Company committed that within 12 months since the date of listing of the present shares, there will be no transfers nor entrustment of shares to any third party nor repurchase by the Company. 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.

All other shareholders of the Company, excepting Zhuang Chengwai, committed that within 12 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.