Certain A Shares of Zhejiang Entive Smart Kitchen Appliance Co., Ltd. are subject to a Lock-Up Agreement Ending on 3-DEC-2021. These A Shares will be under lockup for 374 days starting from 24-NOV-2020 to 3-DEC-2021.

Details:
The company's controlling shareholder has promised that within 36 months since the date of listing of the present shares, there will not be any transfer nor entrustment of shares to any third party nor repurchase by the company. 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 months from listing, lock-up period will be automatically extended for another 6 months.

The company's real controller has promised that within 36 months since the date of listing of the present shares, there will not be any transfer nor entrustment of shares to any third party nor repurchase by the company. 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 months from listing, lock-up period will be automatically extended for another 6 months. After the expiry of the lock-up period (including the extended 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.

The shareholders Yishun Investments Co., Ltd., Yiwang Investments Co., Ltd, Sun Weigen and relative of the actual controller have promised that within 36 months since the date of listing of the present shares, there will not be any transfer nor entrustment of shares to any third party nor repurchase by the company.

The shareholders namely Hehui Investments Co., Ltd., Sanhua Holdings Co., Ltd. Red Star Meikailong Co., Ltd., Juran Zhijia Co., Ltd., Ding Meihua, Zhao Jing, Chen Jinyu, Wang Hui, Jing Lianjuan, Zheng Zhikun, Sun Weixiang, Kong Fuqin, Lü Yuping, directors, supervisors and management personnel in the Company, Qiu Yufang, Zhang Yanfei, Wang Lina and Liu Huilan have promised that within 12 months since the date of listing of the present shares, there will not be any transfer nor entrustment of shares to any third party nor repurchase by the company.