Certain A Shares of Ningbo Yibin Electronic Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 7-MAR-2024. These A Shares will be under lockup for 378 days starting from 23-FEB-2023 to 7-MAR-2024.

Details:
The company?s holding shareholders and actual controllers Wang Jianhua and Xu Yaoning 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. 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 shareholders Wang Binyu, Ningbo Yibin Industrial Investment Co., Ltd., Yao Rongrong, Wang Lijian, Xie Di 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.

The company?s shareholders 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 Xiong Junfeng, Chu Guofen, Liu Zhenzhong 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 supervisor Qiao Zhigang 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, they committed to not transfer more than 25% of shares held each year.

The company?s other shareholders 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.