Certain A Shares of Jiangsu Junxia Gym Equipment Co., Ltd are subject to a Lock-Up Agreement Ending on 14-JUN-2024. These A Shares will be under lockup for 371 days starting from 9-JUN-2023 to 14-JUN-2024.

Details:
The Company?s holding shareholder and actual controller Heng Dunjian 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, Heng Dunjian committed to not transfer more than 25% of shares held each year.

The Company?s directors, supervisors, and senior management who are shareholders Xu Ruijing, Peng Baozhang, Guo Jingbao 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. 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, they committed to not transfer more than 25% of shares held each year.

The Company?s other shareholders 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.