Certain A Shares of Tianjin Jieqiang Power Equipment Co.,Ltd. are subject to a Lock-Up Agreement Ending on 24-AUG-2021. These A Shares will be under lockup for 377 days starting from 12-AUG-2020 to 24-AUG-2021.

Details:
The Company's actual controller and controlling shareholder Pan Feng, Mao Jianqiang, Ma Xuefeng, Zhong Wangjun, Liu Qun and the Company's shareholder holding 5% and above stake Tianjin Rongke Technology Center (Limited Partnership) committed: to not 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 36 months from the Company's share listing date. 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.

The Company's director holding 5% and above stake Qiao Shunchang committed: to not 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 12 months from the Company's share listing date. 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.

The Company's shareholders holding 5% and above stake Suzhou Zhongjin Zhuoyu Equity Investment Center (Limited Partnership), Yao Hua and all the Company's other shareholders committed: to not 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.

The Company's shareholder Zhang Yuan committed: to not 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 capital increase share expansion change in business registration procedure date (that is December 14, 2018).

The Company's shareholder Tianjin Jierong Technology Partnership Enterprise (Limited Partnership) committed: to not transfer or entrust to a third party the 278,500 Company's shares it holds before the public offering, or allow the Company to repurchase these shares within 36 months from the Company's share listing date; to not transfer or entrust to a third party the other remaining Company's shares it holds (except for the abovementioned 278,500 shares) before the public offering, or allow the Company to repurchase these shares within 12 months from the Company's share listing date.