Certain A Shares of Zhongyan Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 13-OCT-2022. These A Shares will be under lockup for 745 days starting from 28-SEP-2020 to 13-OCT-2022.

Details:
Wang Lijian, the Company's controlling shareholder and actual controller, as well as his concerted action parties, Wu Jianbo and Wu Siyu committed not to transfer or entrust to a third party the company's shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 36 months from the company's share listing date. If, within 6 months after the 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. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties.

Liu Jianguo, Shi Zigang, Liu Guanglei, Song Dejun and Liu Yan, directors and managing personnel of the Company, Tian Yi, Yang Baosen and Di Boyuan, supervisors of the Company committed not to transfer or entrust to a third party the company's shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 12 months from the company's share listing date. If, within 6 months after the 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. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties.

Shareholders Zhongri Energy Savings Co., Ltd, Caitong Venture Capital Co., Ltd., Shanghai Hengyi Co., Ltd., Long Yanfang, Tang Xin and Wang Xin Siyu committed not to transfer or entrust to a third party the company's shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 36 months from the company's share listing date.

Shareholders Fosun Gaoke Investments and Tang Bin committed not to transfer or entrust to a third party the company's shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 12 months from the company's share listing date.