Certain A Shares of Guangdong Lvtong New Energy Electric Vehicle Technology Co., LTD are subject to a Lock-Up Agreement Ending on 6-MAR-2024. These A Shares will be under lockup for 373 days starting from 27-FEB-2023 to 6-MAR-2024.

Details:
The controlling shareholder and actual controller Zhang Zhijiang?s 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 months from listing, lock-up period will be automatically extended for another 6 months.

After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

Luo Xiaoying, the spouse of Zhang Zhijiang, the controlling shareholder and actual controller promised that within 36 months from the date of listing of the issuer?s shares, I shall not transfer or entrust others to manage the shares issued before the issuer?s IPO that I directly or indirectly hold, nor shall the issuer repurchase said shares.

Other natural person shareholders He Zhizhao, Huang Yiyan, He Tao, Huang Peiyi, Liao Jian, Wang Wande, Tang Bo promised that within 12 months from the date of listing of the issuer?s shares, I shall not transfer or entrust others to manage the shares issued before the issuer?s IPO that I directly or indirectly hold, nor shall the issuer repurchase said shares.

Institutional shareholders Guangzhou Chuangyu Mingchen Equity Investment Fund Enterprise (Limited Partnership), Zhuhai Tuohong Equity Investment Enterprise (Limited Partnership), Dongguan Futeng Investment Partnership (Limited Partnership), Guangzhou Chuangyu Mingheng Equity Investment Fund Enterprise (Limited Partnership), Wuhu Boxin No. 1 Equity Investment Partnership (Limited Partnership), Zhuhai Chuangyu Minghui Equity Investment Fund Enterprise (Limited Partnership), Zhanjiang Zhongguang Venture Capital Co., Ltd., Xinyu Hengwei Investment Management Partnership (Limited Partnership), Dongguan Hengding Investment Partnership (Limited Partnership), Guangzhou Chuangyu Kaiyue Equity Investment Enterprise (Limited Partnership), Zhuhai Chuangyu Mingtai Equity Investment Fund Enterprise (Limited Partnership) made the following commitment that within 12 months from the date of listing of the issuer?s shares, I shall not transfer or entrust others to manage the shares issued before the issuer?s IPO that I directly or indirectly hold, nor shall the issuer repurchase said shares.

Direct and indirect shareholders Yuan De'an, Peng Lijun, Song Jiangbo and Liao Hanxing serving as directors and senior managers of the company 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 months from listing, lock-up period will be automatically extended for another 6 months.

After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

The issuer's other shareholders, Foshan Shunde Weierdeng Management Consulting Partnership (Limited Partnership) made the following commitments that within 36 months from the date of listing of the issuer?s shares, I shall not transfer or entrust others to manage the shares issued before the issuer?s IPO that I directly or indirectly hold, nor shall the issuer repurchase said shares.

The directors and senior executives Liu Ruixing, Rao Jiayuan, Zhang Yongjun, and Liu Pinghua who indirectly hold shares of the company make the following commitments that within 12 months from the date of listing of the issuer?s shares, I shall not transfer or entrust others to manage the shares issued before the issuer?s IPO that I directly or indirectly hold, nor shall the issuer repurchase said shares.