Certain A Shares of Ningbo Homelink Eco-iTech Co., Ltd. are subject to a Lock-Up Agreement Ending on 8-DEC-2023. These A Shares will be under lockup for 732 days starting from 6-DEC-2021 to 8-DEC-2023.

Details:
The controlling shareholder of the company Wang Xiong, and the actual controllers are Wang Xiong and Lin Huiqin will not transfers nor entrustment of shares to any third party nor repurchase by the company, within 36 months since the date of listing of the present shares. 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. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests. 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 company's institutional shareholders Ningbo Zhenhai Jinsu Equity Investment Management Partnership (Limited Partnership) and Ningbo Zhenhai Jinmo Equity Investment Management Partnership (Limited Partnership) will not transfers nor entrustment of shares to any third party nor repurchase by the company, within 36 months since the date of listing of the present shares. 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. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests.

The company?s directors, Sun Chao, Li Xiang, and Cai Liyong, as well as the company?s senior executives other than directors Xie Jianyou, Zhou Xueen, Qian Miaoxian, and Wang Bo will not transfers nor entrustment of shares to any third party nor repurchase by the company, within 12 months since the date of listing of the present shares. 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. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests. 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 company?s individual shareholders holding more than 5% of the company?s shares, Zhang Sanyun and Zhao Jianguang will not transfers nor entrustment of shares to any third party nor repurchase by the company, within 12 months since the date of listing of the present shares.