Certain A Shares of Zhejiang Yuejian Intelligent Equipment Co.,Ltd. are subject to a Lock-Up Agreement Ending on 16-APR-2023. These A Shares will be under lockup for 1104 days starting from 7-APR-2020 to 16-APR-2023.

Details:
The company's holding shareholder Zhejiang Yuejian Holding Co., Ltd., the company's actual controller Sun Jianhua Family (Sun Jianhua, Ma Hongguang, Sun Wenjuan, Sun Jianping, Wang Weiliang, Han Minghai, Wang Junyao) and the company's directors, management personnel who hold shares in the company, including Sun Jianhua, Ma Hongguang, Wang Weiliang, Han Minghai promised that within 36 months after the listing date, will not transfer nor entrust to others for management shares in the company, nor allow the company to repurchase the said shares, if the closing price of the company's share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company's share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months.

The company's management personnel who hold shares in the company, including Shan Shengliang, Zhang Yufeng, Song Hongbing and Other shareholder Shaoxing Zhongyue Equity Investment Partnership Enterprise (Limited Partnership) promised that within 12 months after the listing date, will not transfer nor entrust to others for management shares in the company, nor allow the company to repurchase the said shares, if the closing price of the company's share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company's share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months.