Certain A Shares of Zhejiang MTCN Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 19-DEC-2023. These A Shares will be under lockup for 1096 days starting from 18-DEC-2020 to 19-DEC-2023.

Details:
Longi Green Energy Technology Co., Ltd., Zhang Minghua and other shareholders, Directors, supervisors, and management personnel who hold shares in the company, promised that within 12 months after the listing date, they will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.

The company?s holding shareholder Xu Yijun, Xu Wei promised that within 36 months after the listing date, he will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.

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. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect.