Certain A Shares of Rongcheer Industrial Technology (Suzhou) Co., Ltd. are subject to a Lock-Up Agreement Ending on 26-APR-2024. These A Shares will be under lockup for 367 days starting from 25-APR-2023 to 26-APR-2024.

Details:
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. Within half year from resignation, may not transfer shares held, and if resignation was declared within 6 months from the date of listing, then may not transfer shares held directly or indirectly within 18 months from declaration of resignation. If resignation was declared between the 7th to 12th month from the date of listing, then may not transfer shares held directly or indirectly within 12 months from declaration of resignation.

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.

For 200,000 shares: Within 36 months from the date of completion of capital increase (October 10, 2020), 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.

For the remaining 390,000 shares: 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.