Certain Ordinary Shares of Hongli Group Inc. are subject to a Lock-Up Agreement Ending on 25-SEP-2023. These Ordinary Shares will be under lockup for 181 days starting from 28-MAR-2023 to 25-SEP-2023.

Details:
The company's, each of it?s directors and executive officers, and 5% and greater shareholders, have agreed not to, subject to certain limited exceptions, offer, pledge, sell, contract to sell, grant any option to purchase, or otherwise dispose of ordinary shares or any securities convertible into or exchangeable or exercisable for ordinary shares, or to enter into any hedge or other arrangement or any transaction that transfers, directly or indirectly, the economic consequence of ownership of the shares of ordinary shares, for a period of 180 days after the closing this this offering, without the prior written consent of EF Hutton.