Certain A Shares of Anhui Shiny Electronic Technology Company Limited are subject to a Lock-Up Agreement Ending on 26-MAR-2024. These A Shares will be under lockup for 1106 days starting from 16-MAR-2021 to 26-MAR-2024.

Details:
The Company?s holding shareholder Shanghai Yingzhun Investment Holding Co., Ltd. committed that they will not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.

The Company?s actual controllers Dai Ming, Dai Jun, and Li Yuhua and Dai Jun?s sister Ye Li committed that they will not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date.

The Company?s shareholder Huangshan Gaoxin Yida Xin?an Jiangzhuan Jingte New Venture Capital Fund (Limited Partnership), ESOP?s Shucheng Yuzhi Equity Management Center (Limited Partnership) and Shucheng Yuming Equity Management Center (Limited Partnership), and the other shareholders committed that they will not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date.