Certain A Shares of Shenzhen Everbest Machinery Industry Co., Ltd. are subject to a Lock-Up Agreement Ending on 15-APR-2024. These A Shares will be under lockup for 1469 days starting from 7-APR-2020 to 15-APR-2024.

Details:
Yuan Jianmin, the company's controlling shareholder, the actual controller, Chairman and General Manager and Che Haixia, shareholder, deputy chairman and deputy general manager of the company, the shareholders of the company Shenzhen Huaju Enterprise Management Partnership (Limited Partnership), Shenzhen Huahang Machinery Industrial Partnership (Limited Partnership) and Shenzhen Zhiyi Investment Partnership (Limited Partnership) have agreed not to dispose of their interest for a period of 36 months from the date of listing. 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. 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.