Certain A Shares of Jiangsu Goodwe Power Supply Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 4-SEP-2021. These A Shares will be under lockup for 370 days starting from 30-AUG-2020 to 4-SEP-2021.
The company's controlling shareholder and actual controller, Huang Min, the employee holding platform Suzhou Hezhong Jude Investment Enterprise (Limited Partnership) have agreed not to dispose of any shares for 36 months since the date of listing of the present shares. If the closing price of the companys share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the companys 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 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.
Zheng Jiaxuan Fang Gang, Lu Jinjun, Bao Yingdi, Hu Qian and Xu Nan, Shareholders Suzhou Gaoxin Fude Investment Enterprise (Limited Partnership), Suzhou Mingshan Ruide Investment Enterprise (Limited Partnership), Gongqingcheng Gaoxin Taifu Investment Management Partnership (Limited Partnership) and Hubei Hongtai Mingshan Venture Capital Partnership (Limited Partnership) and All other shareholders have agreed not to dispose of any shares for 12 months since the date of listing of the present shares.