Certain A Shares of Zhejiang Extek Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 23-MAY-2024. These A Shares will be under lockup for 373 days starting from 16-MAY-2023 to 23-MAY-2024.

Details:
The company?s holding shareholder, actual controller promised that within 36 months after the listing date, will 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 will automatically be extended for 6 months. After the expiration of the above lockup period, during the term of office in the company and within 6 months after the expiration of term, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Anji Yingruite Investment Partnership Enterprise (Limited Partnership) promised that within 36 months after the listing date, will not transfer nor entrust to others for management 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 will automatically be extended for 6 months.

Wang Guangming promised that within 12 months after the listing date, will 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 will automatically be extended for 6 months. After the expiration of the above lockup period, during the term of office in the company and within 6 months after the expiration of term, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.