Certain A Shares of Sineng Electric Co.,Ltd. are subject to a Lock-Up Agreement Ending on 10-APR-2024. These A Shares will be under lockup for 1464 days starting from 7-APR-2020 to 10-APR-2024.

Details:
Wu Qiang and Wu Chao, the Company?s actual controllers have committed not to transfer or entrust to a third party the company?s shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 36 months from the company?s share listing date. If within 6 months after the 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, the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties.

Duan Yuhe, Chan Ganfeng, Li Jianfei and Chen Yunping, Liu Delong, Zhao Long and Gao Yao, Sumin Investments and Rongsheng Investments, Shareholders Jiang Zhengmao, Xu Wei, Zhang Linjiang, Ma Shuangwei and Yang Bo committed not to transfer or entrust to a third party the company?s shares they hold directly or indirectly before the public offering, or allow the company to repurchase these shares within 12 months from the company?s share listing date.

Shareholders of the company, Huafeng Investments Co., Ltd., Yunfeng Investments Co., Ltd., Daxin Investments Co., Ltd. and Suhong Investments Co., Ltd, have committed not to transfer or entrust to a third party the company?s shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 36 months from the company?s share listing date.