Certain A Shares of Suzhou Alton Electrical & Mechanical Industry Co., Ltd. are subject to a Lock-Up Agreement Ending on 22-APR-2023. These A Shares will be under lockup for 374 days starting from 13-APR-2022 to 22-APR-2023.

Details:
The company's actual controller Weidong Lu, Esther Yifeng Lu promised regarding lock up within 36 months since the date of listing of the present shares, there will not be no 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. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests. After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

Controlling shareholder Santa Barbara Investment LLC, commits regarding lock up that within 36 months since the date of listing of the present shares, there will not be no 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. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests.

Suzhou Xikun Investment Center (Limited Partnership), Suzhou Tengheng Investment Center (Limited Partnership) commits regarding lock up that within 36 months from the date of listing of the issuer's shares, the company shall not transfer or entrust others to manage the company's directly or indirectly held shares issued before the issuer's initial public offering, nor shall the issuer repurchase part of the shares.

Company shareholder Sun Li promised regarding lock up that within 12 months from the date of listing of the issuer's shares, the company shall not transfer or entrust others to manage the company's directly or indirectly held shares issued before the issuer's initial public offering, nor shall the issuer repurchase part of the shares.

Gao Helin promised regarding lock up that within 36 months since the date of listing of the present shares, there will not be no 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 month from listing, lock-up period will be automatically extended for another 6 months. After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.