Certain A Shares of Zhejiang Prulde Electric Appliance Co., Ltd. are subject to a Lock-Up Agreement Ending on 30-MAY-2024. These A Shares will be under lockup for 371 days starting from 25-MAY-2023 to 30-MAY-2024.

Details:
The Company?s holding shareholders and actual controllers Yang Weiming and Han Ting 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, they committed to not transfer more than 25% of shares held each year.

The Company?s holding shareholder Jinhua Chenghao Electronics Co., Ltd., Jinhua Kelong Plastics Co., Ltd., Jinhua Yihe Enterprise Management Consulting Partnership Enterprise (Limited Partnership), Jinhua Zhuoyi Enterprise Management Partnership Enterprise (Limited Partnership), Song Limin, Yang Chenghao, Han Changhong, Xu Xingfang 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.

The Company?s directors, supervisors, and senior management Yang Weiming, Han Ting, Yang Chenghao, Ding Xiaozhen, Xia Huitao, Zhu Chaoying, Pan Wentao, Yang Weiming, Ding Xiaozhen, Guo Kangli, Zhang Chengwei, Zheng Xiaojuan 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 shareholders Gongqingcheng Shengfuli Investment Partnership Enterprise (Limited Partnership), Xiamen Lieying Qicheng Equity Investment Partnership Enterprise (Limited Partnership), Yang Jingwen, Xu Yuguang, Jinhua Jintou Group Co., Ltd., Jinhua Jindong State-Owned Asset Management Co., Ltd. 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 and 36 months from their acquisition date.