Certain A shares of Zhejiang Weigang Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 6-DEC-2023. These A shares will be under lockup for 373 days starting from 28-NOV-2022 to 6-DEC-2023.

Details:
The Actual controllers: Zhou Bingsong, Li Yuhe and Person acting in concert with actual controller: Zhou Xiang have agreed that they shall 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 within 36 months after the listing date. 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 shall automatically be extended for 6 months. During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company. Within 6 months after resignation, shall not transfer the shares of the issuer held directly or indirectly.

The Controlling shareholder: Zhejiang Chengwei Equity Investment Co., Ltd, Shareholder controlled by person acting in concert with actual controller, Zhou Xiang and Pingyang Weishi Equity Investment Partnership Enterprise (Limited Partnership) have agreed that they shall 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 within 36 months after the listing date. 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 shall automatically be extended for 6 months.

The Core Technician Yu Jinhua has agreed that he shall 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 within 36 months after the listing date.

The Other Directors, Senior Management holding shares of the company: Mu Jinwei and Zhou Yue have agreed that they shall 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 within 12 months after the listing date. 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 shall automatically be extended for 6 months. During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company. Within 6 months after resignation, shall not transfer the shares of the issuer held directly or indirectly.

The Supervisors holding shares of the company: Hong Xing, Su Binfeng and He Songlin have agreed that they shall 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 within 12 months after the listing date. 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 shall automatically be extended for 6 months.

The Other shareholders:Pingyang Rujincheng Equity Investment Partnership Enterprise (Limited Partnership), Pingyang Chengzhishang Equity Investment Partnership Enterprise (Limited Partnership) and Pingyang Jindasheng Equity Investment Partnership Enterprise (Limited Partnership) have agreed that they shall 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 within 12 months after the listing date. Within 36 months after acquiring shares of the issuer, shall 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.