Certain H Shares of Shanxi Installation Group Co., Ltd. are subject to a Lock-Up Agreement Ending on 22-MAY-2024. These H Shares will be under lockup for 183 days starting from 21-NOV-2023 to 22-MAY-2024.

Details:
Pursuant to the Hong Kong Underwriting Agreement, the Controlling Shareholder has undertaken at any time during the First Six-Month Period it shall not, offer, accept subscription for, sell, pledge, mortgage, charge, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant or agree to grant any option, right or warrant to purchase or subscribe for, make any share sale, lend or otherwise transfer or dispose of, either directly or indirectly, any of the share capital of the Company or any securities of our Company or any interest therein.

At any time during the Second Six-Month Period, it shall not, and shall procure that the relevant registered holder(s) and its associates and companies controlled by him/it and any nominee or trustee holding in trust for him/it shall not, without the prior written consent of the Joint Global Coordinators, the Joint Sponsors or the Overall Coordinators (which consent not to be unreasonably with held or delayed), enter into any of the foregoing transactions in paragraph (a) above or agree or contract to or publicly announce any intention to enter into any such transaction if, immediately following such transfer or disposal or upon the exercise or enforcement of such options, rights, interests or encumbrances, it would cease to be its Controlling Shareholder.