Certain A Shares of Shijiazhuang Shangtai Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 29-DEC-2023. These A Shares will be under lockup for 371 days starting from 23-DEC-2022 to 29-DEC-2023.

Details:
Controlling shareholder and actual controller Ouyang Yongyue has promised 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 with more than 5% shareholding Changjiang Chendao (Hubei) New Energy Industry Investment Partnership Enterprise (L.P.); Shenzhen Zhaoyin Langyao Growth Equity Investment Fund Partnership Enterprise (LP); Zhaoyin Growth No. 3 Investment (Shenzhen) Partnership Enterprise (Limited Partnership) have promised 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.

New shareholder added within the past 12 months CICC Jiatai II (Tianjin) Equity Investment Fund Partnership Enterprise (LP) and New shareholder added within the past 12 months Wang Yuan 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 within 36 months from acquisition of shares of the company, OR within 12 months from the listing date (Whichever ends later).

New shareholder added within the past 12 months; a member of the supervisory board Li Bo has promised that 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 and 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 within 36 months from acquisition of shares of the company, OR; within 12 months from the listing date, (Whichever ends later).

Members of the board of directors, senior management personnel with shareholding Min Guangyi; Yao Guiming; Qi Zhonghui; Zuo Baozeng; Ma Lei; Wang Huiguang have promised 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.

Other shareholders angzhou Shangqi Automobile Industry Equity Investment Fund (L.P.); Wuxi TCL-SK Semiconductor Industry Investment. Fund Partnership (Limited Partnership); Shenzhen Anpeng Intelligent Fund (L.P); Zhuhai Shangqi Huajin Automotive Industry Equity Investment Fund (Limited Partnership); Yangzhou Shangqi Automotive After-sales Market Investment Center (Limited Partnership); Wanxiang 123 Co., Ltd.; Zhuhai Huajin Lingyue Intelligent Manufacturing Industry investment Fund (L.P.); Ningbo Meishan Bonded Port Area Chaoxing Venture Capital Partnership Enterprise (LP); Chongqing Liangjiang New Area Zhanxin Service Industry Equity Investment Fund Partnership Ent. L.P.; Shenzhen Anpeng Venture Capital Fund Enterprise (Limited Partnership); Xiamen Qunce Chuangying Equity Investment Partnership (Limited Partnership); Hubei Yangtze Hezhi Equity Investment Fund Partnership Enterprise (Limited Partnership); Guo Xiaojuan; Yuan Bing; Shenzhen Zhaoyin Gongying Equity Investment Partnership (Limited. Partnership); Shenzhen Zhaocai Gongying Equity Investment Fund Management Center (L.P.); Zhuhai Huajin Chuangying No. 5 Equity Investment Fund Partnership Enterprise (Limited Partnership) and Other shareholders Yang Wei; Zhang Xiaoqing; Xu Xiaoluo; Sun Yuejie have promised 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.