Certain A Shares of Chongqing VDL Electronics Co., Ltd. are subject to a Lock-Up Agreement Ending on 8-AUG-2023. These A Shares will be under lockup for 370 days starting from 3-AUG-2022 to 8-AUG-2023.

Details:
The Company?s holding shareholder and actual controller Zhu Chuanqin, persons acting in concert Zhu Jinhua and Zhu Jinxiu, and shareholders Chongqing VDL Investment Co., Ltd., Chongqing Weiduli Investment Partnership Enterprise (Limited Partnership), Chongqing Fuxiang Shengrui Enterprise Management Consulting Partnership Enterprise (Limited Partnership), and Chongqing Fuxiang Xingyue Enterprise Management Consulting Partnership Enterprise (Limited Partnership) committed to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months. After the lock-up has expired, while holding office, Zhu Chuanqin committed to not transfer more than 25% of shares held each year.

The Company?s shareholders Xiao Xueyan, Wuxi Yunhui New Automotive Industry Investment Management Partnership Enterprise (Limited Partnership), Wuxi Yunhui Phase II New Automotive Industry Investment Management Partnership Enterprise (Limited Partnership), Ningbo Meishan Bonded Port Area Xingyufeng Investment Management Partnership Enterprise (Limited Partnership), Xia Zhouyu, Shi Kairong, Guizhou Innovation and Entrepreneurship Equity Investment Fund (Limited Partnership), Chongqing Yeru Hongtu Innovation Equity Investment Fund Partnership Enterprise (Limited Partnership), Shenzhen Talent Innovation and Entrepreneurship No. 1 Equity Investment Fund (Limited Partnership), Shenzhen Capital Group Co., Ltd., Guizhou Hongtu Venture Capital Co., Ltd., Qianhai Equity Investment Fund (Limited Partnership), Shanghai Linzhe Enterprise Management Consulting Center (Limited Partnership), Guizhou Ruifu Feilong Modern Agriculture Venture Capital Fund (Limited Partnership), Guizhou Chuangzai Qingchun Venture Capital Center (Limited Partnership), Shenzhen Huiliming Development Center (Limited Partnership), Zhuzhou Guotou Chuangying Private Shares Fund Partnership Enterprise (Limited Partnership), Zhuzhou Guoxin Ruiying Management Consulting Services Partnership Enterprise (Limited Partnership), Ningbo Meishan Bonded Port Area Linghui Investment Partnership Enterprise (Limited Partnership), Shenghui (Guangdong) Equity Investment Partnership Enterprise (Limited Partnership), and supervisor You Fuzhi committed to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date. After the lock-up has expired, while holding office, Xiao Xueyan and You Fuzhi committed to not transfer more than 25% of shares held each year.