Certain A Shares of Hengong Precision Equipment Co., Ltd. are subject to a Lock-Up Agreement Ending on 10-JUL-2024. These A Shares will be under lockup for 373 days starting from 3-JUL-2023 to 10-JUL-2024.

Details:
The company?s holding shareholder Hebei Jiegong Enterprise Management Co., Ltd. promised:
Within 36 months after the listing date, will 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 will automatically be extended for 6 months.

The company?s actual controllers Wei Zhiyong, Yang Yuxuan promised:
Within 36 months after the listing date, will 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 will automatically be extended for 6 months. After the expiration of the above lockup period, during the term of office in the company, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

The company?s shareholders Zhang Zhaohui, Li Xiaohuan, Hengying (Tianjin) Enterprise Management Consulting Center (Limited Partnership), Tianjin Hengtai Ruicheng Enterprise Management Consulting Center (Limited Partnership), Hebei China Merchants Wankai Equity Investment Fund (Limited Partnership) promised:
Within 12 months after the listing date, will 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.

ShareholderBeijing-Tianjin-Hebei Industrial Collaborative Development Investment Fund (Limited Partnership) promised:
Within 12 months after the listing date, will 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.

Directors, supervisors, management personnel promised:
During the term of office in the company, the number of shares in the company transferred each year shall not exceed 25% of the total 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 will automatically be extended for 6 months.