Certain A Shares of Zhejiang Jindao Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 13-APR-2024. These A Shares will be under lockup for 736 days starting from 8-APR-2022 to 13-APR-2024.

Details:
The Company?s actual controllers Jin Yanrong, Jin Gangqiang, Wang Yaxiang, and Jin Xiaoyan and holding shareholder Zhejiang Jindao Holding 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 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, Jin Yanrong, Jin Gangqiang, Wang Yaxiang, and Jin Xiaoyan committed to not transfer more than 25% of shares held each year.

The Company?s shareholders Shaoxing Jinji Investment Partnership Enterprise (Limited Partnership) and Shaoxing Jinyi Investment Management 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.

The Company?s directors, supervisors, senior management, and core technical employees Luo Jianguo, Lin Jie, Xu Deliang, Wang Jisheng, Zhu Shuiyuan, and Zhou Jianzhong 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. 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 shareholder Zhejiang Shaoxing Puhua Lanting Cultural 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 12 months from the listing date