Certain A Shares of Bestechnic (Shanghai) Co., Ltd. are subject to a Lock-Up Agreement Ending on 16-DEC-2023. These A Shares will be under lockup for 1102 days starting from 9-DEC-2020 to 16-DEC-2023.

Details:
Liang Zhang, Zhao Guoguang and Tang Xiaodong one of the company's controlling shareholders and actual controller committed that 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. 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. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect. If any of the parties were to resign within 6 months from the present IPO, neither direct nor indirect holdings might be transferred or sold for 18 months since the date of rescinding. If the parties resign within 7 to 12 months after the IPO, neither direct nor indirect holdings might be transferred or sold for 12 months since the date of rescinding.

Qianbifu Enterprise Management Partnership Enterprise (Limited Partnership) in Ningbo Meishan Bonded Port Area, Baibifu Enterprise Management Partnership Enterprise (Limited Partnership) in Ningbo Meishan Bonded Port Area and Yibifu Enterprise Management Partnership Enterprise (Limited Partnership) in Ningbo Meishan Bonded Port Area, RUN YUAN Capital I Limited, RUN YUAN Capital II Limited, Beijing Integrated Circuit Design and Packaging & Testing Equity Investment Center (Limited Partnership), Yuanjiang Yuanquan Yuanhe Puhua Equity Investment Partnership (Limited Partnership ), Beijing Integrated Circuit Industry International Fund, LP, in addition to the actual controller and its controlled enterprises, shareholders holding more than 5% of the shares, Company director and core technical staff Zhou Zhen, Company Supervisor Huang Luzheng, company's supervisors and core technicians Ding Xiaopeng and Zheng Tao, company's senior management Li Guangping, company's core technical staff Tong Weifeng and Chen Jun promised that within 12 months since the date of listing of the present shares in the Shanghai Stock Exchange, 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. 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.