Certain A Shares of Wuxi Xinan Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 27-JUN-2024. These A Shares will be under lockup for 373 days starting from 20-JUN-2023 to 27-JUN-2024.

Details:
The company?s controlling shareholder Li Zhongliang, the actual controllers Li Zhongliang and Li Mingjie promised that within 36 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.

Company shareholders Guangzhou Hanyi Investment Partnership (Limited Partnership), Wuxi Jintou Xin'an Investment Enterprise (Limited Partnership), Wuxi Jinkong Yuanyue Investment Enterprise (Limited Partnership) and Wuxi Shanshuicheng Technology Development Co., Ltd. promised that within 12 months from the date of listing, they will not transfer or entrust others to manage the shares issued before this issue that I directly or indirectly hold, nor there will be repurchase of those shares.

Company shareholders Xu Qing, Li Ying and Li Quansheng promised that, within 36 months from the date of listing they will not transfer or entrust others to manage the shares issued before this issue that I directly or indirectly hold, nor there will be repurchase of those shares.

The company?s shareholder Wuxi Xinan Rongzhi Enterprise Management Partnership (Limited Partnership) promised that within 36 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.