Certain A Shares of Keystone Electrical (Zhejiang) Co.,Ltd. are subject to a Lock-Up Agreement Ending on 19-JUN-2024. These A Shares will be under lockup for 371 days starting from 14-JUN-2023 to 19-JUN-2024.

Details:
Controlling shareholder and Actual controller: Wu Ning Their person acting in concert: Wu Yong 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. After the aforementioned lockup period, during the term of office as the company?s director, member of supervisory board, senior management personnel, or during a previously specified period of a new term and within 6 months after the new term upon resigning before the end of the term, 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 from resignation, shall not transfer shares held in the company.

Natural person shareholders: Wu Jing, Wu Jiayong 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.

Other natural person shareholders: Wang Ying, Lin Zhenan, Luo Xiangchun, Natural person shareholder: Huang Jiamei Legal person shareholder:???? 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. For newly added shares obtained within 12 months before the issuer submits the filing materials, shall not transfer within 36 months from the date of obtaining shares.

Indirect shareholding Directors: Zhang Shuguang, Zhang Yaosi, Hu Bin, Huang Li, Indirect shareholding Senior Managers: Yan Jianfeng, Wang Shoujiang and Indirect shareholding Supervisors: Tang Heyong, Liu Guangyuan 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. After the aforementioned lockup period, during the term of office as the company?s director, member of supervisory board, senior management personnel, or during a previously specified period of a new term and within 6 months after the new term upon resigning before the end of the term, 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 from resignation, shall not transfer shares held in the company. 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.