Certain A Shares of ZENNER Metering Technology (Shanghai) Ltd. are subject to a Lock-Up Agreement Ending on 15-FEB-2024. These A Shares will be under lockup for 365 days starting from 15-FEB-2023 to 15-FEB-2024.

Details:
The issuer?s shareholders Zhennuo Measuring Instruments (Shanghai) Co., Ltd., Li Shihua, Ren Haijun, Xu Ronghua, Wang Wenjun, Zheng Hong and Cai Yan?s commitment to lock in and reduce their holdings 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.

Issuer shareholders Yang Yanming, Zhang Rong, Tang Hongliang, Shanghai Shengbo Enterprise Management Consulting Partnership (Limited Partnership), Shanghai Shijie Enterprise Management Consulting Partnership (Limited Partnership), Shanghai Zhiyi Enterprise Management Consulting Partnership (Limited Partnership), Shanghai Lixuan Enterprise Management Consulting Partnership (Limited Partnership) share lock-up and share reduction commitment that The shares they obtained on 10th Oct. 2020, the lock-up period is 36 months from that date. 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. 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.

The issuer?s directors and senior executives and the issuer?s supervisor?s commitment to lock up shares and their intentions that 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. 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. 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.