Certain A Shares of Shenzhen Sine Electric Co.,Ltd. are subject to a Lock-Up Agreement Ending on 29-APR-2022. These A Shares will be under lockup for 366 days starting from 28-APR-2021 to 29-APR-2022.

Details:
The company actual controllers, namely, Tu Conghuan and Zhang Xiaoguang and shareholder of the company, namely, Shenzhen ICT Lida 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.

He Wei Shareholder and senior executives who hold more than 5% of the shares; Shareholders Xu Yaozeng, Zou Min, Yang Long who are directors and senior management of the company have agreed not to dispose of their interest for a period of 12 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.

Li Kunbin, Wu Xiaowei, Huang Xianjie, shareholders of the company's supervisors, Shareholders Zhang Xiaoguang, He Wei, Liang Keyu, Zhang Qiang, Yang Zhixun, Shi Xinhai, Wu Xiaowei and other shareholders have agreed not to dispose of their interest for a period of 12 months from the date of listing.