Certain A Shares of Nantong Chaoda Equipment Co.,Ltd. are subject to a Lock-Up Agreement Ending on 23-DEC-2022. These A Shares will be under lockup for 373 days starting from 15-DEC-2021 to 23-DEC-2022.

Details:
The company's controlling shareholders and actual controllers Feng Jianjun and Feng Feng 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. 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.

The company's legal person shareholder Nantong Zhongda Investment Management Center (Limited Partnership) and the company's natural person shareholder Xu Wei promised within 12 months from the date when the issuer's shares are listed on the stock exchange, I shall not transfer or entrust others to manage my directly or indirectly held shares issued before the issuer's initial public offering, nor shall the issuer repurchase such shares.

The company's directors, supervisors and senior executives Guo Weiwei, Zhou Fuliang, Chen Fei, Wu Hao, Gu Zhiwei, Bian Fengping, Li He 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. 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. 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.

The company's natural person shareholder Feng Lili and Feng Jianyong, Feng Jianshe, partners of Nantong Zhongda Investment Management Center (Limited Partnership) promised within 36 months from the date when the issuer's shares are listed on the stock exchange, I shall not transfer or entrust others to manage my directly or indirectly held shares issued before the issuer's initial public offering, nor shall the issuer repurchase such shares.