Certain A Shares of Yantai Yatong Precision Mechanical Corporation are subject to a Lock-Up Agreement Ending on 17-FEB-2024. These A Shares will be under lockup for 368 days starting from 14-FEB-2023 to 17-FEB-2024.

Details:
The company?s controlling shareholder and actual controller Jiao Zhaoming, Jiao Xianyang and Jiao Yangfan promised 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. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests. After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding. The company's shareholder Laizhou Yatong Investment Center (Limited Partnership) promised 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. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests. Company shareholder Jiao Xianshi promised 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.

The company's shareholders Ningbo Bochuang Zhizhi Investment Partnership (Limited Partnership), Ningbo October Wuxun Equity Investment Partnership (Limited Partnership), Tianjin Zhongji Xincheng Enterprise Management Partnership (Limited Partnership) promised within 12 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.