Certain A Shares of Hubei Wanrun New Energy Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 29-SEP-2023. These A Shares will be under lockup for 371 days starting from 23-SEP-2022 to 29-SEP-2023.

Details:
The company?s holding shareholder, actual controller Liu Shiqi, Li Fei promised that Within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to 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 will automatically be extended for 6 months. During the term of office in the company, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Ningbo Longhua Huiboyuan Venture Capital Partnership Enterprise (Limited Partnership), Huzhou Guojin Zuoyu Equity Investment Partnership Enterprise (Limited Partnership), Hubei Tongying Equity Investment Fund Partnership Enterprise (Limited Partnership), Nanjing Xingnayou Equity Investment Partnership Enterprise (Limited Partnership), Xiamen Huiyou Haojia Equity Investment Partnership Enterprise (Limited Partnership) promised that Within 36 months after obtaining shares in the company, will not transfer nor entrust to others for management shares in the company held prior to issuance, nor allow the company to repurchase the said shares.

Hubei Tianze High-Tech Investment Intelligent Manufacturing and Technology Service Venture Capital Co., Ltd. promised Within 36 months after acquiring 1,441,219 shares in the company from Li Fei, will not transfer nor entrust to others for management the said shares in the company held prior to issuance, nor allow the company to repurchase the said shares. For the remaining 280,155 shares in the company, will not transfer nor entrust to others for management the said shares in the company held prior to issuance, nor allow the company to repurchase the said shares.

Shiyan Kaihe Enterprise Management Consulting Partnership Enterprise (Limited Partnership) promised that Within 36 months after the listing date, will not transfer nor entrust to others for management shares in the company held prior to issuance, nor allow the company to repurchase the said shares.

Within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares. During the term of office in the company, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company. 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 will automatically be extended for 6 months.

Management personnel Gao Wenjing, Chai Xiaoqin promised that Within 36 months after the listing date, will not transfer nor entrust to others for management indirect shares in the company held prior to issuance through Shiyan Kaihe Enterprise Management Consulting Partnership Enterprise (Limited Partnership), nor allow the company to repurchase the said shares. During the term of office in the company, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company. 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 will automatically be extended for 6 months.

Supervisors, core technical personnel Wang Qin, Huang Yang, Yan Yizhi promised that Within 36 months after the listing date, will not transfer nor entrust to others for management indirect shares in the company held prior to issuance through Shiyan Kaihe Enterprise Management Consulting Partnership Enterprise (Limited Partnership), nor allow the company to repurchase the said shares. Within 4 years after expiration of lockup, the shares in the company held prior to issuance that can be transferred in a year will not exceed 25% of the total shares held in the company prior to issuance during listing.

Other shareholders promised that Within 12 months after the listing date, will not transfer nor entrust to others for management shares in the company held prior to issuance, nor allow the company to repurchase the said shares.