Certain A Shares of Shenzhen Hello Tech Energy Co., Ltd. are subject to a Lock-Up Agreement Ending on 19-SEP-2023. These A Shares will be under lockup for 371 days starting from 13-SEP-2022 to 19-SEP-2023.

Details:
Controlling shareholder, Shenzhen Jubao Xintai Holdings Co., Ltd. committed within 36 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this 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 shall automatically be extended for 6 months.

Actual controllers, Sun Zhongwei, Wen Meichan and other Directors, Supervisors, Senior Managers, and Core Technician indirectly holding shares of the company through Shenzhen Jiameisheng Enterprise Management Partnership Enterprise (L.P.), Shenzhen Jiameihui Enterprise Management Consulting Partnership Enterprise (L.P.), Shenzhen Chengqianyi Enterprises Management Consulting Partnership Enterprise (L.P.) committed within 36 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this 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 shall automatically be extended for 6 months. After the lockup period, during the term of office as the company?s director, member of supervisory board, senior management personnel, and within 6 months from resignation as director, supervisory board, senior management personnel before the end of the term until 6 months into the new office, the number of shares in the company transferred each year shall not exceed 25% of the total shares held by said person and spouse in the company. Within half a year from resignation, shall not transfer shares held in the company. Within 36 months from the date of listing of the issuer's shares, shall not transfer or entrust others to manage the shares of the issuer indirectly held, which are increased according to the instructions of the executive partner of the employee stock ownership platform to transfer the property share of the employee stock ownership platform held by the relevant employees, nor propose the issuer to buy back such shares.

Shareholders with shareholding of over 5%, Shenzhen Jiameisheng Enterprise Management Partnership Enterprise (L.P.) Shenzhen Jiameihui Enterprise Management Consulting Partnership Enterprise (L.P.) committed within 36 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.

Shareholders newly added within 12 months before the date of signing of the prospectus, Shenzhen Chengqianyi Enterprises Management Consulting Partnership Enterprise (L.P.) committed from the date when the issuer's capital increase in October 2020 is completed with the industrial and commercial change registration procedures to within 36 months after the issuer's shares are listed on the Shenzhen Stock Exchange ChiNext, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.

Other shareholders, Chen Kaihua committed within 12 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.