Certain A Shares of Cosonic Intelligent Technologies Co., Ltd. are subject to a Lock-Up Agreement Ending on 18-OCT-2022. These A Shares will be under lockup for 1097 days starting from 17-OCT-2019 to 18-OCT-2022.

Details:
The company's controlling shareholder and actual controller, Yan Wenhua and Yan Fan and shareholders Wensheng Investments Co., ltd., Wenhong Investments Co., Ltd and Wendi Investments CO., Ltd and Wenfu Investments Co., Ltd. committed not to transfer or entrust to a third party the company's shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 36 months from the company's share listing date. 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.