Certain A Shares of Nanjing Toua Hardware&Tools Co.,Ltd. are subject to a Lock-Up Agreement Ending on 8-JUN-2023. These A Shares will be under lockup for 377 days starting from 27-MAY-2022 to 8-JUN-2023.

Details:
Shareholder Yue Qingyong and Le Qinghong promise that within 36 months since the date of listing of the present shares, there will 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 month 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.

Nanjing Tenya Industrial Group Co., Ltd., Nanjing Yunhang Investment Management Enterprise (Limited Partnership), Nanjing Yifeng Enterprise Management Co., Ltd. commit that within 36 months since the date of listing of the present shares, there will 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 month from listing, lock-up period will be automatically extended for another 6 months.

Nanjing Jianye Jushi Science and Technology Innovation Growth Fund (Limited Partnership), Nanjing Zijin Jushi Private Enterprise Relief and Development Fund Phase I (Limited Partnership), Suzhou Hetao Venture Capital Partnership (Limited Partnership), Nanjing Aohan Vision Equity Investment Partnership (Limited Partnership) commit that within 36 months from the date of listing of the issuer's stocks, neither transfer nor entrust others to manage the issuer's shares held directly or indirectly by the company before the issuance, nor will the issuer repurchase such shares.

The shareholders Ma Shufang, Xu Jialin, Zou Tongguang and other indirect shareholding directors and supervisors (Gao Ai, Li Ming, Kong Deguo, Zhu Qinghua, Li Meng, Wu Jun, Sun Debin) promise 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 month 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.

Nanjing Yunji Investment Management Enterprise (Limited Partnership), Jiaxing Zhenzhuo Xinying Equity Investment Partnership (Limited Partnership), Yue Qinghong commit that within 12 months from the date of listing of the issuer's stocks, neither transfer nor entrust others to manage the issuer's shares held directly or indirectly by the company before the issuance, nor will the issuer repurchase such shares.