Certain A Shares of Colorlight Cloud Tech Ltd are subject to a Lock-Up Agreement Ending on 2-DEC-2023. These A Shares will be under lockup for 373 days starting from 24-NOV-2022 to 2-DEC-2023.

Details:
The company?s holding shareholder Shenzhen Sanhan Bangtai Technology Co., Ltd., ESOP Shenzhen Nabaichuan Innovation Enterprise (Limited Partnership) promised that, within 36 months after the listing date, will 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 lowers 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 will automatically be extended for 6 months.

The company?s actual controller Zhou Jinzhi promised that within 36 months after the listing date, will 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 will automatically be extended for 6 months. After the expiration of the above lockup period, during the term of office in the company, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Deng Lingling, He Zhimin, Shenzhen Anhua Chuanglian Technology Co., Ltd., and Shenzhen Jiahe Ruixin Technology Co., Ltd promised that Within 12 months after the listing date, will not transfer nor entrust to others for management direct 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 will automatically be extended for 6 months. After the expiration of the above lockup period, during the term of office in the company, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Chongqing Jichuang Yuyuan Equity Investment Fund Partnership Enterprise (Limited Partnership), Zhongjin Qizhi (Shanghai) Equity Investment Center (Limited Partnership), Shenzhen Junpeng Jinshi Investment Partnership Enterprise (Limited Partnership, Shenzhen Lixin Enterprise Management Partnership Enterprise (Limited Partnership), and Shenzhen High-Tech Investment Venture Capital Co., Ltd. promised that within 12 months after listing date or within 36 months after the completion of registration modification for obtaining shares in the company, will not transfer nor entrust to others for management direct or indirect shares in the company, nor allow the company to repurchase the said shares.

Shenzhen Dachen Chuanghong Private Equity Investment Enterprise (Limited Partnership), Shenzhen Caizhi Chuangying Private Equity Investment Enterprise (Limited Partnership) promised that within 12 months after listing date or within 36 months after the completion of registration modification for obtaining shares in the company (if the time from obtaining shares in the company to the time when the issuer submitted issuance application document is less than 12 months), will not transfer nor entrust to others for management direct or indirect shares in the company, nor allow the company to repurchase the said shares.