Certain A Shares of State Power Rixin Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 29-APR-2024. These A Shares will be under lockup for 742 days starting from 18-APR-2022 to 29-APR-2024.

Details:
The Company?s holding shareholder and actual controller Yong Zheng and his person action in concert Ding Jiangwei committed to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months. After the lock-up has expired, while holding office, Ding Jiangwei committed to not transfer more than 25% of shares held each year.

The Company?s directors and senior management committed to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months. After the lock-up has expired, while holding office, they committed to not transfer more than 25% of shares held each year.

The Company?s supervisors committed to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date. After the lock-up has expired, while holding office, they committed to not transfer more than 25% of shares held each year.

Other company shareholders promised to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date.