Certain A Shares of QC Solar (Suzhou) Co., Ltd. are subject to a Lock-Up Agreement Ending on 5-AUG-2023. These A Shares will be under lockup for 369 days starting from 1-AUG-2022 to 5-AUG-2023.

Details:
The company?s holding shareholders, actual controllers Duan Zhenggang will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares, within 36 months after the listing date. 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 will automatically be extended for 6 months. During the term of office in the company as director, 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 director, deputy general manager, secretary of the board Wang Xinlin and deputy general manager, financial director Zhang Xihai will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares, within 36 months after the listing date. 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 will automatically be extended for 6 months. During the term of office in the company as director, management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Chengdu Fu?ende Xingyu Equity Investment Fund Partnership Enterprise (Limited Partnership) and Suzhou Juneng Investment Management Co., Ltd will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares, within 12 months after the listing date.