Certain A Shares of Ningbo KBE Electrical Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 24-AUG-2021. These A Shares will be under lockup for 378 days starting from 11-AUG-2020 to 24-AUG-2021. Details: The company's controlling shareholder, Ningbo Xinxie Investment Management Co., Ltd., Company’s actual controller, Lin Guangyao, Shareholders Lin Guangcheng and Lin Qiang, Lin Chunxian, family of the actual controller, commits 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. Shareholder Xu Xiaoqiao, Jiang Zhenhua, Cai Yuechang and Su Wolin, Supervisors An Weizhan and Dai Wusheng commit ) 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.