Certain A Shares of Changzhou Evergreen Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 22-MAY-2024. These A Shares will be under lockup for 376 days starting from 12-MAY-2023 to 22-MAY-2024.

Details:
The Company?s actual controllers Zhou Yinmei, Hu Jinli, and Zhou Jianxin 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, they committed to not transfer more than 25% of shares held each year.

The Company?s holding shareholder Changzhou Evergreen Industrial Investment Group Co., Ltd. and shareholder AIWAY HOLDINGS LIMITED 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.

The Company?s shareholders Shenzhen Capital Group Co., Ltd., Changzhou Guorun No. 9 Enterprise Management Consulting Partnership Enterprise (Limited Partnership), Shenzhen Hengxin Huicheng Equity Investment Center (Limited Partnership), Changzhou Hongtu Innovation Venture Capital Co., Ltd., Changzhou Wujin Hongtu Venture Capital Co., Ltd., Beijing Hongtu Xinzhou Venture Capital Center (Limited Partnership), Tianjin Dongfang Fuhai Equity Investment Fund Partnership Enterprise (Limited Partnership), BOCOM International (Shanghai) Equity Investment Management Limited, Ningbo Meishan Bonded Port Area Huana Yongfeng Equity Investment Partnership Enterprise (Limited Partnership), and Zhiyun (Hangzhou) Enterprise Management Consulting 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.