Certain A Shares of Ningbo Fangzheng Automobile Mould Co.,Ltd. are subject to a Lock-Up Agreement Ending on 2-JUN-2023. These A Shares will be under lockup for 736 days starting from 27-MAY-2021 to 2-JUN-2023.

Details:
The Company's holding shareholders and actual controllers Fang Yongjie and Wang Yaping and shareholders Ningbo Xinggong Fangzheng Holding Co., Ltd. and Ningbo Jinjimu Equity Investment Management Partnership Enterprise (Limited Partnership) committed to not 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 holding shareholders Shihezi Longhuahui Equity Investment Partnership Enterprise (Limited Partnership) and Anhui Gaoxin Jintong Anyi Phase II Venture Capital Fund (Limited Partnership) and directors, supervisors, and senior management Ye Jun, Li Hengqing, Chen Yin, Sun Xiaoming, Pan Zhili, and Wang Zhengliang committed to not 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. After the lock-up has expired, while holding office, Ye Jun, Li Hengqing, Chen Yin, Sun Xiaoming, Pan Zhili, and Wang Zhengliang committed to not transfer more than 25% of shares held each year.