Certain A Shares of Jiangsu Yangdian Science & Technology Co. Ltd. are subject to a Lock-Up Agreement Ending on 22-JUN-2023. These A Shares will be under lockup for 735 days starting from 17-JUN-2021 to 22-JUN-2023.

Details:
The actual controllers of the company Cheng Junming will not transfers nor entrustment of shares to any third party nor repurchase by the company within 36 months since the date of listing of the present shares. 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 party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

The company shareholder Taizhou Yangyuan Enterprise Management Center (Limited Partnership) and Tai Liqun will not transfers nor entrustment of shares to any third party nor repurchase by the company within 36 months since the date of listing of the present shares. 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.

Directors and senior managers Zhao Henglong and Wang Yuying will not transfers nor entrustment of shares to any third party nor repurchase by the company within 12 months since the date of listing of the present shares. 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 party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

The company's indirect shareholder and supervisor Chen Yongjun will not transfers nor entrustment of shares to any third party nor repurchase by the company within 12 months since the date of listing of the present shares. After the expiry of the lock-up period (including the extended lock-up period), the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

Other company shareholders will not transfers nor entrustment of shares to any third party nor repurchase by the company within 12 months since the date of listing of the present shares.