Certain A Shares of Yinchuan Weili Transmission Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 4-AUG-2024. These A Shares will be under lockup for 366 days starting from 4-AUG-2023 to 4-AUG-2024.

Details:
The Company?s actual controllers Li Abo and Li Xiang 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. After the lock-up has expired, while holding office, they committed to not transfer more than 25% of shares held each year.

The Company?s shareholders Suzhou Hechuang Tongyun Zhongyi Venture Capital Partnership Enterprise (Limited Partnership), Ningxia Zhenghe Fenghuang Equity Investment Partnership Enterprise (Limited Partnership), Ningxia Zhenghe Fenghuang No. 1 Equity Investment Partnership Enterprise (Limited Partnership), Yinchuan Industry Fund Management Co., Ltd. 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 12 months from the listing date and 36 months from their acquisition date