Certain A Shares of Yangtze Optical Electronic Co., Ltd. are subject to a Lock-Up Agreement Ending on 6-DEC-2023. These A Shares will be under lockup for 366 days starting from 5-DEC-2022 to 6-DEC-2023.

Details:
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.

After the expiration of the above lockup period, during the term of office, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Wuhan Yingzhong Investment Partnership Enterprise (Limited Partnership) promised:

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.


erospace Science & Industry Asset Management Co., Ltd. promised:

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.

Wuhan Bull Venture Capital Co., Ltd.?Wuhan Bull Investment Management Co., Ltd. promised:

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.

Wuhan Jirong Enterprise Management Partnership Enterprise (Limited Partnership) promised:

For the shares in the company obtained through acquisition within 12 months prior to issuance application, within 36 months from April 2, 2021, will not transfer nor entrust to others for management the said shares, nor allow the company to repurchase the said shares.

Directors, supervisors, management personnel, core technical personnel Guo Miao, Zhou Fei, Lian Zhenggang promised:

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.

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.

After the expiration of the above lockup period, during the term of office, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Other shareholders promised:

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.