Certain A Shares of Beijing Telesound Electronics Co., Ltd. are subject to a Lock-Up Agreement Ending on 25-NOV-2021. These A Shares will be under lockup for 367 days starting from 23-NOV-2020 to 25-NOV-2021. Details: The company?s actual controller Tan Zheng, Nie Rong and Tan Tian, company?s controlling shareholder Jiangsu Tianfu Investment Co., Ltd. have committed to not transfer or entrust to a third party the Company?s shares they hold before the public offering, or allow the company to repurchase these shares within 36 months from the company?s share listing date. 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. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests. The company?s directors and senior management Liu Jianwen, Chu Lin, Yu Hechu committed to not transfer or entrust to a third party the company?s shares they hold before the public offering, or allow the company to repurchase these shares within 12 months from the Company?s share listing date. 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. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests. The company?s supervisor Jia Liyan and the company?s shareholders Liu Mengran, Nie Hong, Cheng Jinyu, Li Xia, Liu Junhua, Wu Kehe, Li Wei, He Lijiang, Nie Feng, Liang Yihui, Jin Limei, Hu Kejun, Qiu Shengqiang and Beijing Hechang Investment Co., Ltd. have committed to not transfer or entrust to a third party the company?s shares they hold before the public offering, or allow the company to repurchase these shares within 12 months from the Company?s share listing date.