Certain A Shares of Jiangsu United Water Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 28-MAR-2024. These A Shares will be under lockup for 372 days starting from 22-MAR-2023 to 28-MAR-2024.

Details:
The company?s holding shareholder, the company?s actual controller and actual controller?s party acting in concert Yu Shijin and Ningbo Meishan Free Trade Port Area Hengshen Investment Partnership Enterprise (Limited Partnership), Ningbo Meishan Free Trade Port Area Hengtai Enterprise Management Partnership Enterprise (Limited Partnership), Ningbo Meishan Free Trade Port Area Hengtong Enterprise Management Partnership Enterprise (Limited Partnership) promised that within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, 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. During the term of office in the company, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Directors and management personnel Liu Meng, Chen Qiao, James Gerard Beeson, Luo Bin, Chen Guoqing, Xu Xingzhi, Zeng Zhen and Supervisors Chen Shaojun, Hua Xiaoping, Wang Yu promised that during the term of office in the company, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company. 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.

Shareholders UW Holdings Limited,Ningbo Henglian Enterprise Management Partnership Enterprise (Limited Partnership) promised that within 12 months after listing date, will not transfer nor entrust to others for management direct shares in the company held prior to issuance, nor allow the company to repurchase the said shares. At the same time, within 36 months after obtaining shares in the company, will not transfer nor entrust to others for management shares in the company, nor allow the company to repurchase the said shares.