Certain A Shares of Zhejiang Benli Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 14-SEP-2023. These A Shares will be under lockup for 736 days starting from 8-SEP-2021 to 14-SEP-2023.

Details:
The company?s actual controllers Wu Zhengjie and Liu Cuirong, directors Chen Jianjun, Gu Haining, and shareholders Hangzhou Shaosi Investment Partnership Enterprise (Limited Partnership), Jiang Huajiang, and Cai Jiping have agreed not to dispose off any 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. While holding office, Wu Zhengjie, Chen Jianjun, and Gu Haining committed to not transfer more than 25% of shares held each year.

The company?s directors and senior management Sun Yong, Pan Chaoyang, Pan Kaihong, and Sheng Mengjun have agreed not to dispose off any 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. While holding office, they committed to not transfer more than 25% of shares held each year.

The company?s supervisors Wu Xiaocheng, Qian Peiliang, and Xu Xinquan and shareholders Xiang Xiugui, Jiang Jingwen, Wang Jiajia, Wang Yuanyin, Liu Guoping, Yu Qingxiang, Zhao Yishun, Zhang Minfang, Chen Qian, Xia Xiang, and Ningbo Yuancheng Investment Partnership Enterprise (Limited Partnership) have agreed not to dispose off any shares within 12 months from the listing date. While holding office, Wu Xiaocheng, Qian Peiliang, and Xu Xinquan committed to not transfer more than 25% of shares held each year.