Certain A Shares of Shentong Technology Group Co., Ltd are subject to a Lock-Up Agreement Ending on 20-JAN-2024. These A Shares will be under lockup for 1102 days starting from 13-JAN-2021 to 20-JAN-2024.

Details:
The Company?s actual controller husband and wife Fang Lifeng, Chen Xiaoyan, the Company?s controlling shareholder Ningbo Shentong Investment Co., Ltd. and other shareholders Hongkong Yuli Industrial Limited, Ningbo Biheng Investment Partnership Enterprise (Limited Partnership), Ningbo Shentong Renhua Investment Partnership Enterprise (Limited Partnership) have committed not to transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the public offering, or allow the Company to repurchase these shares within 36 months from the Company?s share listing date.

For Ningbo Shentong Investment Co., Ltd. and shareholders serving as directors, senior management, it was committed that 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 Company?s shareholders Ningbo Yanyuan Huiran Equity Investment Partnership Enterprise (Limited Partnership), Ningbo Shouke Yanyuan Kangtai Venture Capital Partnership Enterprise (Limited Partnership) and apart from those mentioned, the Company?s shareholders serving as directors, supervisors, and senior management have committed not to transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the public offering, or allow the Company to repurchase these shares within 12 months from the Company?s share listing date.