Certain A Shares of Jiangsu Hongde Special Parts Co.,Ltd. are subject to a Lock-Up Agreement Ending on 19-APR-2024. These A Shares will be under lockup for 737 days starting from 13-APR-2022 to 19-APR-2024.

Details:
The Company?s holding shareholder and actual controller Yang Jinde, actual controller Yang Lei, and directors and senior management Zhang Zhengyu, Xu Yusong, Li Rong, Zhu Dongfei, and Zhang Yajun 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.
Within 2 years after the lock-up has expired, while holding office, Yang Lei committed to not transfer more than 25% of shares held each year.
After the lock-up has expired, while holding office, Yang Jinde, Zhang Zhengyu, Xu Yusong, Li Rong, Zhu Dongfei, and Zhang Yajun committed to not transfer more than 25% of shares held each year.

The Company?s ESOP Nantong Yuexiang Enterprise Management Center (Limited Partnership) and shareholders Cao Hanlin and Yang Jinhua 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.

The Company?s directors and senior management Li Jian and Chen Lixin 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. 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 supervisors Song Yonghua, Wang Jin, and Bian Jianhua and shareholders Beijing Datuyang Investment Management Center (Limited Partnership), Zhu Jianguo, and Zhao Dexin 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.
After the lock-up has expired, while holding office, Song Yonghua, Wang Jin, and Bian Jianhua committed to not transfer more than 25% of shares held each year.