Certain A Shares of Zhejiang Yaguang Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 15-MAR-2024. These A Shares will be under lockup for 374 days starting from 7-MAR-2023 to 15-MAR-2024.

Details:
The issuer?s controlling shareholder and actual controller Chen Guohua and Chen Jingbo promised that Within 36 months since the date of listing of the present shares, there will not be no transfers 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 month from listing, lock-up period will be automatically extended for another 6 months.

The issuer?s shareholders Zhang Xianxin and Zhang Xianbiao, Wenzhou Yuanxi Equity Investment Partnership (Limited Partnership), Wenzhou Huayi Equity Investment Partnership (Limited Partnership) and issuer's shareholder Chen Guanlin promised that Within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company.

Issuer shareholders Zhang Liwei, Zhou Chengyu, Luo Zongju, Ye Jun, Piao Qingguo promised that Within 12 months since the date of listing of the present shares, there will not be no transfers 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 month from listing, lock-up period will be automatically extended for another 6 months.

Issuer shareholders Lin Peigao, Chen Shaolong, Li Weihua, Sun Weijie promised that Within 12 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company.