Certain A Shares of Shenzhen Fortune Trend technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 27-APR-2024. These A Shares will be under lockup for 1471 days starting from 17-APR-2020 to 27-APR-2024.

Details:
Company's controlling shareholder, Huang Shan, and its concerted action parties, Huan Qing, shareholders Golden Stone Investment Co., Ltd. and Haitong Kaiyuan Investment Co., Ltd. and Chen Fan and Bao Wei committed 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.

Tian Jin?en and Zhang Lijun, Shen Zhikun, Sun Kui and Hao Huosheng and all other shareholders commit that within 12 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. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties. In the event of a resignation before the expiry of the term of office, the above-mentioned undertaking will continue to be maintained for six months.