Certain A Shares of Zhejiang Provincial New Energy Investment Group Co., Ltd. are subject to a Lock-Up Agreement Ending on 25-MAY-2022. These A Shares will be under lockup for 378 days starting from 12-MAY-2021 to 25-MAY-2022. Details: The Company’s holding shareholder Zhejiang Provincial New Energy Group Co., Ltd. and shareholder Zhejiang New Energy Development Co., Ltd have committed not to transfer or entrust to a third party the Company’s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months. The Company’s other shareholders have committed not to transfer or entrust to a third party the Company’s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date.