Certain A Shares of Wayz Intelligent Manufacturing Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 26-OCT-2023. These A Shares will be under lockup for 738 days starting from 18-OCT-2021 to 26-OCT-2023.

Details:
Li Gongyan, the company's controlling shareholder committed that within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. 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 month 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.

Wuxi Weizhiyuanchuang Investment Enterprise, Wuxi Qunchuangzhongda Investment Partnership promises that within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. 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 month 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.

Other company shareholders promised Within 12 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company.

The directors, supervisors and senior executives Yao Yi, Du Ping, Lai Qi, Du Wei, Zhong Jianpeng and Ke Li promised that Within 12 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. 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 issuer?s core technical personnel Li Gongyan, Du Ping, Ouyang Qingsheng, Liu Yu, Wang Xi, Wang Yifeng, Zuo Xiaofang promised that Within 12 months from the date of listing of the issuer and within 6 months after resignation, there will not be transfers nor entrustment of shares to any third party nor repurchase the shares issued he/she held before the issuer?s IPO directly or indirectly. Within 4 years from the date of expiration of the issuer?s pre-IPO share sales restriction period, the annual transfer of the issuer?s shares directly or indirectly held before IPO shall not exceed 25% of the total number of shares by the time of IPO.