Commitment Letter from Transaction Counterparty on Truthfulness, Accuracy, and Completeness of Information and Materials
Changzhou Yingzhong Technology Co., Ltd. (hereinafter referred to as "the Listed Company" or "Yingzhong Technology") intends to acquire 41% of the equity of Changzhou Yingzhong Electric Co., Ltd. (hereinafter referred to as "Yingzhong Electric" or "the Target Company") held by the undersigned, by way of cash payment (hereinafter referred to as "this Transaction"). Regarding this Transaction, the undersigned hereby undertakes and guarantees as follows:
-
The undersigned guarantees that all information provided for this Transaction is true, accurate, and complete, and contains no false or misleading statements or material omissions.
-
The undersigned guarantees that all materials, explanations, commitments, and confirmations provided to the intermediary agencies participating in this Transaction are true, accurate, and complete original written materials or copies thereof. Copies of materials are consistent with their original materials or originals, and the signatures and seals on the provided documents are true and valid, containing no false or misleading statements or material omissions.
-
If the information disclosed or provided in this Transaction is suspected of containing false or misleading statements or material omissions, and is investigated by judicial authorities or investigated by the China Securities Regulatory Commission, the undersigned shall not transfer any shares held in the Listed Company (if any, hereinafter the same) before the investigation conclusion is formed. Within two trading days of receiving the investigation notice, the undersigned shall submit a written application for suspension of trading and the stock account to the board of directors of the Listed Company, which shall apply for the lock-up on behalf of the undersigned to the stock exchange and securities registration and settlement institution. If the lock-up application is not submitted within two trading days, the Listed Company's board of directors is authorized to verify and directly report the undersigned's identity information and account information to the stock exchange and securities registration and settlement institution to apply for the lock-up. If the board of directors of the Listed Company fails to report the undersigned's identity information and account information to the stock exchange and securities registration and settlement institution, the stock exchange and securities registration and settlement institution are authorized to directly lock up the relevant shares. If the investigation conclusion reveals any illegal or irregular circumstances, the undersigned undertakes that the locked-up shares will be voluntarily used for compensation arrangements for relevant investors.
-
The undersigned guarantees that all documents issued by the undersigned and cited by the intermediary agencies in this Transaction in the application documents for this Transaction, and the relevant content of cited documents, have been reviewed by the undersigned, confirming that the application documents for this Transaction will not contain any false or misleading statements or material omissions due to the aforementioned content.