Certain A Shares of Shanghai Nenghui Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 18-AUG-2023. These A Shares will be under lockup for 738 days starting from 10-AUG-2021 to 18-AUG-2023.

Details:
Holding shareholders and actual controllers Luo Chuankui; Wen Pengfei; Zhang Jianding 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.

Shareholders Shanghai Nenghui Investment Holding Co., Ltd.; Zhejiang Haining Tonghui Investment Management Partnership Enterprise (Limited Partnership) 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.

Shareholders Zhejiang Haining Zhonghui Investment Management Partnership Enterprise (Limited Partnership); Jinan Shengxing Equity Investment Partnership (Limited Partnership); Jinan Shengze Equity Investment Partnership (Limited Partnership); Haining Oriental Datong Ruiying Investment Partnership Enterprise (Limited Partnership); Beijing Zhongrong Huitong Investment Management Co., Ltd.; Jiaxing Yiwen Investment Management Partnership Enterprise (Limited Partnership); Wang Yunlan; Kong Que; Gao Xinliang; Wang Kehong 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.

Deputy general manager and secretary of the board of directors with direct shareholding: Luo Lianming; Member of the supervisory board with direct shareholding Kong Pengfei; Members of the board of directors, members of supervisory board and senior management personnel with indirect shareholding through Zhejiang Haining Zhonghui Investment Management Partnership Enterprise (Limited Partnership): Yuan Junwei; Yue Hengtian; Xiong Tianzhu 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. 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.