Certain A Shares of Hebei Huatong Wires and Cables Group Co., Ltd. are subject to a Lock-Up Agreement Ending on 11-MAY-2023. These A Shares will be under lockup for 730 days starting from 11-MAY-2021 to 11-MAY-2023.

Details:
The controlling shareholder and actual controller of the company (also serving as directors and senior management personnel) Zhang Wenyong, Zhang Wendong, Zhang Shujun and Zhang Baolong promise 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. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect.

Shareholder Tangshan Langrun Enterprise Management Consulting Center (Limited Partnership) promises Within 36 months since the date of listing of the present shares in the Shanghai Stock Exchange, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company.

Cheng Wei, Hu Deyong, the direct shareholder of the company as a director and senior management, and Luo Xiaoyu, an indirect shareholder, and indirect shareholders of the supervisors, Ma Hongrui, Sun Qifa and Liu Yanping, 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), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect.

Shareholders holding more than 5% Tangshan Huirun Equity Investment Fund Management Department (Limited Partnership), Liu Kuanqing, Zhang Huizhi, Ningbo Meishan Bonded Port Area Zeliantong Equity Investment Partnership (Limited Partnership), Ningbo Meishan Bonded Port Area Zewang Equity Investment Partnership ( Limited partnership), the shareholder Guangzhou Longxi Number 1 Investment Center (Limited Partnership), Shareholders Qingdao Jinshiyi Investment Co., Ltd., Lin Chao, Gongqingcheng Yintai Jiaming Investment Management Partnership (Limited Partnership), Tangshan Hourun Enterprise Management Consulting Center (Limited Partnership), Guangzhou Guohua Tengzhi Equity Investment Partnership (Limited Partnership), Hebei Zhongchuang E-commerce Equity Investment Fund Center (Limited Partnership), Suzhou Jukun Venture Capital Enterprise (limited partnership), Hebei Red Earth Venture Capital Co., Ltd., Shijiazhuang Red Soil and Deep Venture Capital Co., Ltd., Tangshan Hongtu Venture Capital Co., Ltd., Yin Meijuan, Gongqingcheng Tianying Zhonghe Investment Management Partnership (Limited Partnership), Gongqingcheng Yumei Zhonghe Phase II Investment Management Partnership (Limited Partnership), Gongqingcheng Hongmei Zhonghe Investment Management Partnership (Limited Partnership), Horgos Hairun Equity Investment Management Co., Ltd., Li Hongzhou, Yinhe Yueke (Guangdong) Industrial Investment Fund (Limited Partnership), Tangshan Zhongrun Equity Investment Fund Management Department (limited partnership), Xinjiang Zhongtai R&F Equity Investment Co., Ltd., Weng Lei, Hangzhou City and Equity Investment Fund Partnership (Limited Partnership), Xinxing Wen No. 1 Equity Investment Partnership (Limited Partnership), Guangdong Wenshi Investment Co., Ltd., Hengqin Qichuang shared equity investment fund partnership (limited partnership), Li Zhihu, Beijing Bohui Express Investment Management Center (limited partnership), Yang Yongxin, Shanghai String Enterprise Management Center (Limited Partnership), Jiang Peng, Zhang Baozhong, Song Baoming, Yingkou Zhongtou Huifu Investment Fund Management Center (limited partnership), Tangshan Jiarun Enterprise Management Consulting Center (limited partnership), Zhao Wenming, Wu Qingfen, Qian Tao, Liu Haibo, Zhang Zuolin, Xue Chao and Li Fengmei promise Within 12 months since the date of listing of the present shares in the Shanghai Stock Exchange, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company.