Certain A Shares of China National Electric Apparatus Research Institute Co., Ltd. are subject to a Lock-Up Agreement Ending on 4-NOV-2022. These A Shares will be under lockup for 1103 days starting from 28-OCT-2019 to 4-NOV-2022.

Details:
The shareholders, China National Machinery Industry Corporation, Sinomach Capital Holdings Co., Ltd., Guangzhou Kaitian Investment Management Center (Limited Partnership), Qin Hanjun, Zhang Xiaobin, Chen Weisheng, Quan Liangjun, Sun Junguang, Chen Chuanhao, and core technical pesonnel have agreed not to dispose off any shares for a period of 36 months from the listing date. The shareholders, other than the core technical personnel have also agreed that 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.

The shareholders, Zhejiang Chint Electrics Co., Ltd. and CCB (Beijing) Investment Fund Management Co., Ltd. have agreed not to dispose off any shares for a period of 12 months from the listing date. Zhejiang Chint Electrics Co., Ltd. has also agreed that 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.