Certain A Shares of Xiamen Jiarong Technology Corp.,Ltd. are subject to a Lock-Up Agreement Ending on 22-APR-2024. These A Shares will be under lockup for 739 days starting from 14-APR-2022 to 22-APR-2024.

Details:
Holding shareholders, actual controllers Jiang Linyu; Wang Rushun; Dong Zhengjun have committed that within 36 months after the listing date, shall 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 shall automatically be extended for 6 months. During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Member of the board of directors Su Guojin, Senior management personnel Liu Decan; Ye Yingyi; Chen Jinling; Xue Xian have committed that within 12 months after the listing date, shall 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 shall automatically be extended for 6 months. During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Members of supervisory board Chen Qiong; Li Juan; Li Fei have committed that within 12 months after the listing date, shall 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. During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Dingxin No. 2 Equity Investment Fund (Pingtan) Partnership Enterprise (Limited Partnership); Xiamen Fanrong High-Tech Service Industry Venture Capital Partnership (L.P.); Xiamen Gaoxin Kechuang Angel Venture Capital Co., Ltd.; Xiamen Jiarong Shengyi Enterprise Management Consulting Partnership Enterprise (Limited Partnership); Xiamen Jiaxin Enterprise Management Consulting Partnership Enterprise (Limited Partnership); Xiamen Jiarong Shengmei Enterprise Management Consulting Partnership Enterprise (Limited Partnership) have committed that within 12 months after the listing date, shall 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.