Certain A-Shares of Tianneng Battery Group Co., Ltd. are subject to a Lock-Up Agreement Ending on 11-JAN-2024. These A-Shares will be under lockup for 1095 days starting from 11-JAN-2021 to 11-JAN-2024.

Details:
The Company?s actual controller Zhang Tianren, holding shareholder Tianneng Holding Group Co., Ltd. and person acting in concert Zhejiang Tianneng Investment Management Co., Ltd., and shareholders Changxing Honghao Equity Investment Partnership Enterprise (Limited Partnership), Changxing Hongtai Equity Investment Partnership Enterprise (Limited Partnership), Changxing Yufeng Equity Investment Partnership Enterprise (Limited Partnership), Changxing Yuhe Equity Investment Partnership Enterprise (Limited Partnership), Changxing Yujia Equity Investment Partnership Enterprise (Limited Partnership), and Changxing Yurong Equity Investment Partnership Enterprise (Limited Partnership) committed: to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.