Certain A Shares of Zhejiang FORE Intelligent Technology Co.,Ltd are subject to a Lock-Up Agreement Ending on 16-DEC-2023. These A Shares will be under lockup for 372 days starting from 9-DEC-2022 to 16-DEC-2023.

Details:
The actual controllers Wang Youli and Huang Weihong, the actual controller's close relatives Huang Wenqin, Ren Jinchun, Wang Dongjun, Huang Yuanqin and Wang Yunqi, The controlling shareholder Taizhou Huangyan Fengli Electric Control Equipment Co., Ltd., the shareholders controlled by the actual controller Taizhou Huangyan Fengzhong Equity Investment Partnership (Limited Partnership) and Taizhou Huangyan Fengyu Investment Partnership (Limited Partnership), Jiaxing Junyi Equity Investment Partnership (Limited Partnership) promised 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 months from listing, lock-up period will be automatically extended for another 6 months.

The issuer?s directors (except independent directors), supervisors, and senior executives 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. 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 months from listing, lock-up period will be automatically extended for another 6 months. After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

Jiaxing Junbang Equity Investment Partnership (Limited Partnership) promised 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.


The remaining shareholders are Taizhou Guoyu Jun?an Equity Investment Partnership (Limited Partnership), Ningbo Meishan Bonded Port Area Yongcheng Yufeng Investment Management Partnership (Limited Partnership), Taizhou Huangyan Fenghong Equity Investment Partnership (Limited Partnership), Taizhou City Huangyan Fengyi Equity Investment Partnership (Limited Partnership), Taizhou Huangyan Fengying Equity Investment Partnership (Limited Partnership), Taizhou Huangyan Fenghao Investment Partnership (Limited Partnership), Taizhou Innovation Equity Investment Partnership (Limited Partnership) and Shen Jiawen 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.