Certain A Shares of PowerTECH Co., Ltd. are subject to a Lock-Up Agreement Ending on 25-SEP-2023. These A Shares will be under lockup for 374 days starting from 16-SEP-2022 to 25-SEP-2023.

Details:
Controlling shareholder, actual controller, Chairman of the Board of Directors Zhang Chimei, and Controlling shareholders, actual controller, Director and General Manager Zheng Junling, committed that 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, and upon resignation from office, may not transfer shares of the company held within half year.

Controlling shareholder, actual controller, Chairman of the Board of Directors Zhang Chimei, and Controlling shareholders, actual controller, Director and General Manager Zheng Junling, committed that 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, and upon resignation from office, may not transfer shares of the company held within half year.

Other institutional shareholders of the company committed that, 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.