Certain A Shares of Aerospace Nanhu Electronic Information Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 18-MAY-2024. These A Shares will be under lockup for 379 days starting from 5-MAY-2023 to 18-MAY-2024.

Details:
Zheng Ziliang, Wang Xinhong, Hu Min, Shi Zhiguo, the core technicians who directly hold the company's equity, and Wang Jiaxiang, Li Rongfeng, Zhao Linbing, the core technicians who indirectly hold the company's equity, promised 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 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.

Directors and senior executives who directly hold shares in the company Ding Bai, Yao Shenghai, Zhao Qian, Zheng Ziliang, Wang Xinhong, Huang Hua, and indirect directors and senior executives Wang Jiaxiang, He Min, Wang Jian, Zhang Xiao 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. 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.

Controlling shareholder Beijing Radio Measurement Research Institute; controlling shareholder Aerospace Science & Industry Asset Management Co., Ltd. acting in concert, Jingzhou Nansheng Enterprise Management Partnership (Limited Partnership) promised 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.

Jingzhou Gucheng State-Owned Investment Co., Ltd. promised 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