Certain A Shares of Ningbo Ronbay New Energy Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 22-JUL-2022. These A Shares will be under lockup for 1106 days starting from 12-JUL-2019 to 22-JUL-2022. Details: The controlling shareholders and actual controllers Shanghai Ronbay New Energy Investment Co., Ltd. (limited partnership), actual controller Bai Houshan and Beijing Ronbay New Energy Investment Development Co., Ltd., Beijing Ronbay Management Consulting Partnership (Limited Partnership), Beijing Ronbay New Energy Technology Investment Management Co., Ltd. and Zunyi Ronbay New Energy Investment Center (Limited Partnership) committed not to transfer or entrust to a third party the company's shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 12 months from the company's share listing date. If, within 6 months after the 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), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties. The other shareholders, the company's directors and senior management personnel and core technical personnel committed not to transfer or entrust to a third party the company's shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 12 months from the company's share listing date. If, within 6 months after the 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), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties.