Certain A Shares of Transwarp Technology (Shanghai) Co.,Ltd. are subject to a Lock-Up Agreement Ending on 18-OCT-2023. These A Shares will be under lockup for 372 days starting from 11-OCT-2022 to 18-OCT-2023.

Details:
Sun Yuanhao, as the issuer?s controlling shareholder and actual controller, chairman, general manager and core technical personnel, and Lü Cheng, as the concerted action person, director, and core technical personnel of the actual controller, issued the following commits 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.

Fan Lei and She Hui, acting in concert as the actual controllers, issued the following promises 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.

Zanxing Investment Center, acting in concert with the actual controller, issues the following commits 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.

Zhang Liming, Wen Ye, and Li Yiduo, as the issuer?s directors and/or senior managers, indirectly hold the issuer?s shares, and they issue the following undertakes 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. 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.

As the issuer?s director, Guo Kai indirectly holds the issuer?s shares and issues the following undertakes 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. 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.

As the issuer?s director and core technical staff, Zhu Junchen indirectly holds the issuer?s shares and issues the following undertakes 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. 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.

As the issuer?s employee representative supervisor and core technical staff, Liu Wanggen indirectly holds the issuer?s shares and issues the following undertakes 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), 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.

As the issuer?s supervisor, Zhao Jingwei indirectly holds the issuer?s shares and issues the following undertakes 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), 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.

Industrial Investment Fund Co., Ltd.; Linzhi Lichuang Information Technology Co., Ltd.; Shanghai Yunyou Investment Office, Suzhou Fangguang Venture Capital Partnership (Limited Partnership), Suzhou Qiming Fusion Venture Capital Partnership (Limited Partnership), Hubei Changjiang Hezhi Equity Investment Fund Partnership (Limited Partnership), Hundsun Technologies Inc., CICC Qizhi (Shanghai) Equity Investment Center (Limited Partnership), Shenzhen Capital Group Co., Ltd., Jinhua Yanghang Cornerstone Equity Investment Partnership (Limited Partnership) ), Qingdao Xingruizhi New Equity Investment Center (Limited Partnership), Shanghai Ruiwei Guanghong Investment Management Partnership (Limited Partnership), Three Gorges Jinshi (Wuhan) Equity Investment Fund Partnership Enterprise (Limited Partnership), Anhui Jiaokong Jinshi Buyout Fund Partnership Enterprise (L.P.), Sunyard Technology Co.,Ltd, Shenzhen Qianhai Qinzhi Preferred Investment Partnership No. 2 (Limited Partnership), Hubei Bosheng Jiayuan Equity Investment Partnership (Limited Partnership), Shenzhen Qianhai Qinzhi Preferred Investment Partnership (Limited Partnership), Small and Medium Enterprises Development Fund (Shenzhen L.P.), Liyang Red Earth New Economy Venture Capital Fund Partnership (Limited Partnership), Shanghai Jinshan Red Earth Venture Capital Center (Limited Partnership), Shenzhen TCL Strategic Equity Investment Fund Partnership (Limited Partnership) Limited Partnership), Ningbo Meishan Bonded Port Area Yurui Equity Investment Partnership (Limited Partnership), Shenzhen Kunpeng Yichuang Strategic Emerging Industry Equity Investment Fund Partnership (Limited Partnership), Bank of Communications Science and Technology Equity Investment Fund (Shanghai) Partnership (Limited Partnership), Zhuhai Hengqin Renjun Chunrong Equity Investment Fund (Limited Partnership), Gongqingcheng Huihua Qixing Investment Partnership (Limited Partnership), promised 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.