Certain A Shares of Ningbo Joy Intelligent Logistics Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 3-DEC-2023. These A Shares will be under lockup for 734 days starting from 29-NOV-2021 to 3-DEC-2023.

Details:
Holding shareholder, Cixi Tiance Holding Co., Ltd., Natural person shareholders, Mao Pengzhen; He Jiaying; Luo Jiewen, Institutional shareholders, Ningbo Junke Investment Management Enterprise (Limited Partnership); Ningbo Wangke Investment Management Enterprise (Limited Partnership) committed within 36 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months.

Actual controllers, Luo Zhiqiang; Luo Yinhao committed within 36 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months. During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

The company?s Institutional shareholders, Ningbo Yueyang Investment Management Enterprise (Limited Partnership), Ningbo Jiasheng Investment Management Enterprise (Limited Partnership), Hangzhou Tongyuan Youke Venture Capital Partnership Enterprise (Limited Partnership), Ningbo Meishan Bonded Port Area Desheng Equity Investment Partnership Enterprise (Limited Partnership), Ningbo Meishan Bonded Port Area Qianling Yibo Equity Investment Partnership Enterprise (Limited Partnership), Yong Chao Venture Capital Co., Ltd., Ningbo Huatong Hengtai Venture Capital Partnership Ent. (L.P.) committed within 12 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.

The company?s indirect shareholders Li Ning (director, deputy general manager), Luo Jianxiao (deputy general manager), Zou Mingxu (chairman of the supervisory board), Zhu Wei (member of the supervisory board) committed within 12 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months. During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.