Certain A Shares of Shenzhen Highpower Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 2-SEP-2023. These A Shares will be under lockup for 368 days starting from 30-AUG-2022 to 2-SEP-2023.

Details:
The issuer?s controlling shareholder and actual controller Pan Dangyu promised
1 I shall not transfer or entrust others to manage the pre-IPO shares I directly or indirectly hold within 36 months from the date of listing of the issuer?s shares, nor may I propose that the issuer repurchase such shares.

The issuer?s shareholder Zhuhai Anhao Technology Partnership (Limited Partnership) and Shenzhen Highpower International Holdings Co., Ltd. promise
1 I shall not transfer or entrust others to manage the pre-IPO shares I directly or indirectly hold within 36 months from the date of listing of the issuer?s shares, nor may I propose that the issuer repurchase such shares.

Capital commitments of issuer shareholders Li Wenliang, Ma Wenwei, Essence International Capital Limited
1 I shall not transfer or entrust others to manage the pre-IPO shares I directly or indirectly hold within 12 months from the date of listing of the issuer?s shares, nor may I propose that the issuer repurchase such shares.

The issuer's shareholder Wang Junyi promises
1 I shall not transfer or entrust others to manage the pre-IPO shares I directly or indirectly hold within 36 months from the date of listing of the issuer?s shares, nor may I propose that the issuer repurchase such shares.

Commitments of the issuer's other shareholders
1. The issuer?s shares held by the company/myself shall be locked for 3 years from the date when the issuer completes the registration procedures for industrial and commercial changes, and 1 year from the date of listing of the issuer. The company/I shall not transfer or entrust others to manage the company/ The part of the shares held by me shall not be proposed to be repurchased by the issuer.