Certain A Shares of Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. are subject to a Lock-Up Agreement Ending on 25-DEC-2023. These A Shares will be under lockup for 1102 days starting from 18-DEC-2020 to 25-DEC-2023.

Details:
The Company?s holding shareholder and actual controller Song Jinsuo committed that they will 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 after the listing date. 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 will automatically be extended for 6 months.

The individual shareholders acting as director, supervisor, management personnel, including Zhang Peng, Wang Zhaojun, Wang Surong, Pan Jianhui, Liu Xingmin, Liu Jinshu, Li Liyong, Zhao Fengjun, Tong Qiuju, Zhuhai Hanhu Nalande Equity Investment Fund Partnership Enterprise (Limited Partnership) have committed that within 12 months after the date of listing of the present shares, there will not be any transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 months from listing, lock-up period will be automatically extended for another 6 months.