Certain A Shares of Zhejiang Meishuo Electric Technology Co.,Ltd are subject to a Lock-Up Agreement Ending on 28-JUN-2024. These A Shares will be under lockup for 375 days starting from 19-JUN-2023 to 28-JUN-2024.

Details:
The company?s joint actual controllers Huang Xiaohu, Liu Xiaolong, Yu Pengxin, Huang Zhengfang, Chen Haiduo 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 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, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Newly added shareholder Pingyang Oushuo Equity Investment Partnership Enterprise (Limited Partnership) promised that within 36 months from obtaining shares in the company, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares.

Directors, management personnel 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 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, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Supervisors 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 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, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Other shareholders Yueqing Shengshuo Enterprise Management Partnership (Limited Partnership), Yueqing Meifu Enterprise Management Partnership Enterprise (Limited Partnership) 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 issuance, nor allow the company to repurchase the said shares.