Certain A Shares of Voneseals Technology (Shanghai) Inc. are subject to a Lock-Up Agreement Ending on 15-SEP-2023. These A Shares will be under lockup for 375 days starting from 5-SEP-2022 to 15-SEP-2023.

Details:
Controlling shareholder and actual controller, Dong Jing and Person acting in concert with controlling shareholder and actual controller, Xue Yuqiang committed that within 36 months after the listing date, shall 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 shall automatically be extended for 6 months. After the lockup period, during the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held by said person and spouse in the company. Within 18 months from declaration of resignation within 6 months from listing or within 12 months from declaration of resignation within 7 to 12 months from listing, shall not transfer shares held in the company.

Enterprises controlled by actual controller, Shanghai Lindu Business Consulting Partnership Enterprise (L.P), Shanghai Fangyi Enterprise Management Consulting Partnership Enterprise (L.P) committed that Within 36 months after the listing date, shall 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.

Shareholders, Huaxuan (Shanghai) Equity Investment Fund Management Co., Ltd., Shanghai Jinpu Emerging Industry Equity Investment Fund Partnership Enterprise (Limited Partnership), Ruijin Huarong Ruize Qihang Investment Center (Limited Partnership), Shanghai Xiaomiao Zizhu Xiaomiao Langxin Venture Capital Partnership Enterprise (L.P.) committed that Within 12 months after the listing date, shall 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.

Other natural person shareholders, Wang Shiping, Guo Zhigeng, Sun Maolin, Zhang Shuoyi committed that Within 12 months after the listing date, shall 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.

Directors, Supervisors, Senior Managers of the Company committed that Within 12 months after the listing date, shall 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 shall automatically be extended for 6 months. After the lockup period, during the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held by said person and spouse in the company. Within 18 months from declaration of resignation within 6 months from listing or within 12 months from declaration of resignation within 7 to 12 months from listing, shall not transfer shares held in the company.