Certain A Shares of Jiangyin Pivot Automotive Products Co., Ltd. are subject to a Lock-Up Agreement Ending on 22-FEB-2023. These A Shares will be under lockup for 376 days starting from 11-FEB-2022 to 22-FEB-2023.

Details:
Actual shareholder Zhao Qi; Actual controller and person acting in concert Zhao Jianming, Shareholder with more 5% of shareholding Shen Hao committed that within 36 months after the listing date, 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. 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.

Holding shareholder Jiangyin Pivot Internet Technology Co., Ltd., Jiangsu Pivot Trade Co., Ltd. and Jiangyin Fuerxin Consulting Services Enterprise (Limited Partnership) committed that within 36 months after the listing date, 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.

Shanghai Shique Investment Management Co., Ltd., Jiang Chang; Li Kui; Shen Yan; Shi Minggang committed that within 12 months after the listing date, 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.

Shareholder with more 5% of shareholding Zhu Yujin committed that within 12 months after the listing date, 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. 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.

For directors, members of supervisory board, senior management personnel with shareholdings, Liu Deqiang; Jiang Wenqiang, 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.