Certain A Shares of Greenworks (Jiangsu) Co., Ltd. are subject to a Lock-Up Agreement Ending on 8-FEB-2024. These A Shares will be under lockup for 384 days starting from 20-JAN-2023 to 8-FEB-2024.

Details:
Chen Yin, the actual controller of the company, promised that 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. 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 controlling shareholder GLOBE HOLDINGS (HONG KONG) CO., LIMITED promised that 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.

ZAMA CORPORATION LIMITED, a shareholder holding more than 5% of the shares, promised that Within 12 months from the date of listing of the issuer?s initial public offering of shares, the holder shall not transfer or entrust others to manage the pre-IPO shares directly or indirectly held by him, nor shall the issuer repurchase such shares.