Certain A Shares of Sany Heavy Energy Co., Ltd. are subject to a Lock-Up Agreement Ending on 23-JUN-2025. These A Shares will be under lockup for 1104 days starting from 15-JUN-2022 to 23-JUN-2025.

Details:
The company?s holding shareholder, actual controller Liang Wengen and parties acting in concert Tang Xiuguo, Xiang Wenbo, Mao Zhongwu, Yuan Jinhua, Zhou Fugui, Yi Xiaogang, Liang Linhe, Zhao Xiangzhang, Wang Zuochun, Huang Jianlong, shareholders Zhai Chun, Zhai Xian, Wang Haiyan and Duan Dawei 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 this 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 at least 6 months. If the person is a director, supervisor, management personnel, then during the term of office as the company?s director, supervisor, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company. If the person is a core technical personnel, then within 4 years after the expiry date of the lockup period for the shares held prior to IPO, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.