Certain A Shares of Jiangxi Jovo Energy Co., Ltd are subject to a Lock-Up Agreement Ending on 25-MAY-2023. These A Shares will be under lockup for 736 days starting from 19-MAY-2021 to 25-MAY-2023.

Details:
The Company's actual controllers Zhang Jianguo and Cai Lihong, holding shareholder Guangdong Jiufeng Investment Holding Co., Ltd., and the actual controllers' controlled enterprise Guangzhou Yingfa Investment Center (Limited Partnership); The Company's shareholders Cai Jianbin and Cai Liping 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 expiry of the lock-up period (including the extended lock-up period), the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

The Company's shareholder Yang Yingxia, and Jiang Guangsheng, Mu Changhong who indirectly holds the company shares 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 expiry of the lock-up period (including the extended lock-up period), the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

Zhang Dian, a relative of the actual controller of the issuer who indirectly holds shares of the company, promises, The Company's actual controllers Zhang Jianguo and Cai Lihong, holding shareholder Guangdong Jiufeng Investment Holding Co., Ltd., and the actual controllers' controlled enterprise Guangzhou Yingfa Investment Center (Limited Partnership); The Company's shareholders Cai Jianbin and Cai Liping 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.

The Company's shareholders Starr Financial (Barbados) I, Inc., Shanghai Tuoxi Investment Management Partnership Enterprise (Limited Partnership), Ningbo Meishan Bonded Port Area Jingcheng Dongrun Equity Investment Partnership Enterprise (Limited Partnership), Guangzhou Fuying Investment Partnership Enterprise (Limited Partnership), Guangzhou Hengda Investment Partnership Enterprise (Limited Partnership), Zhuhai Junxie Investment Partnership Enterprise (Limited Partnership), Guangzhou Hengtong Investment Partnership Enterprise (Limited Partnership), Suzhou Industrial Park Huizhen Equity Investment Center (Limited Partnership), Meizhou Chongye Industry Investment Center (Limited Partnership), Huitianze Investment Co., Ltd., Valuevale Investment Limited, GF Qianhe Investment Co., Ltd., Zhuhai Guangfa Xinde Environmental Protection Industry Investment Fund Partnership Enterprise (Limited Partnership), Zhuhai Guangfa Xinde Jinyuan Equity Investment Fund (Limited Partnership), and Zhuhai Kangyuan Investment Enterprise LP 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.