Certain Ordinary Shares of China New Energy Limited are subject to a Lock-Up Agreement Ending on 16-JAN-2021. These Ordinary Shares will be under lockup for 186 days starting from 14-JUL-2020 to 16-JAN-2021. Details: The controlling and warranting shareholders have agreed to lock-up shares for a period of six months from the listing date. The shares held by controlling and warranting shareholders will be subject to a lock-up of further six months from the expiry of first lock-up period such that on disposal of such shares they cease to be a controlling shareholder of the company.