Certain A Shares of Beijing Liven Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 1-SEP-2023. These A Shares will be under lockup for 374 days starting from 23-AUG-2022 to 1-SEP-2023.

Details:
Controlling shareholder and actual controller Song Laoliang, Directors, Supervisors, and Senior Management with indirect shareholding Liu Zhanfeng, Si Chaohui, Yang Shandong, Huang Chenglong, Qi Maosong, Li Wei, Du Endian, Guo Mingzhao commits 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.

Actual controller Qi Lianying commits 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.

Shareholder with over 5% shareholding Beijing Liren Investment Center (Limited Partnership) commits 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.

New shareholders within 12 months before declaration Hangzhou Yunwen Equity Investment Partnership (Limited Partnership), Hangzhou Rongxi Lingtou Equity Investment Fund Partnership Enterprise (Limited Partnership), Aukey Technology Co., Ltd., Shi Fuzhong and Yuan Yumei commits 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.