Certain A Shares of DBAPPSecurity Co., Ltd. are subject to a Lock-Up Agreement Ending on 5-NOV-2022. These A Shares will be under lockup for 1103 days starting from 29-OCT-2019 to 5-NOV-2022.

Details:
The company's controlling shareholder and actual controller Fan Yuan, Jiaxing Anheng Investment Management Partnership (limited) and ningbo Anheng Investment Management Partnership (limited), Venture Capital Partnership (limited), Taizhou Xili Equity Investment Partnership (limited), Zhuhai Huajin Lingyue Intelligent Manufacturing Industry Investment Base (Limited Partnership) and Langma 11 (Shenzhen) Venture Capital Center (Limited Partnership) 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 since 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 months from listing, lock-up period will be automatically extended for another 6 months. Within two years after the expiration of the above-mentioned lock-up period, if the party reduces the pre-IPO shares of the company he held, directly or indirectly, the price shall not less than the issue price. After the expiry of the lock-up period, the party promised that yearly transfer of shares made by him will not exceed 25% of the holding, both direct and indirect; After 6 months from demission, there will not be more transfers of shares, either direct or indirect; If the party resigned from the positions of director, supervisor or executive position but still works as the core technical staff in the company, within 4 years from the expiration of the restricted period of the pre-IPO shares he held directly or indirectly, the pre-IPO shares transferred annually must not exceed 25% of the total number of shares he held before listing; within six months after demission from the company and its holding subsidiaries, the party shall not transfer or entrust others to manage the shares held directly or indirectly.

The shareholders of the company Hangzhou Ali Venture Capital Co., Ltd., Ningbo Runhe Xingyuan Investment Partnership (limited), Chongqing Linhou Xihai Equity Investment Management Co., Ltd., Zhejiang Donghan High Investment Long Triangle Partnership (limited), Zhejiang Ouxin Venture Capital Co., Ltd., Hangzhou Qianyu Investment Partnership (Limited Partnership), Hangzhou Fuchun No. 1 Equity Investment Fund Partnership (Limited Partnership), Shanghai Zhanpeng Investment Co., Ltd., Shanghai Shundian Investment Management Center (Limited Partnership), Shenzhen Fuhai Innovation Industry Investment Fund Enterprise (Limited Partnership), Zhuhai Fuhuajin Venture Capital (limited partnership), Shanghai Mengyuan Investment Management Center (Limited Partnership), Hangzhou Haibang Juqing Venture Capital Investment Partnership (Limited Partnership), Hangzhou Jiuge Equity Investment Partnership (limited), Hangzhou Juesheng Xinqian Investment Management Partnership (Limited Partnership), Gongqingcheng Mengyuan Yingxin Investment Partnership (Limited Partnership), Shao Jianxiong and Yao Naxin 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 12 months since the company's share listing date.

The directors, supervisors, senior executives who indirectly or directly hold the company's shares, Shen Renmei, Zhang Xiaomeng, Wu Zhuoqun, Jiang Youwei, Feng Xuhang, Zheng Jiu, Wang Xin, Ma Hongjun, Huang Jin, Lou Jin and Dai Yongyuan 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 12 months since the company's share listing date. Within 36 months since the date of listing of the present shares, the party can only transfer its owned partnership shares of the company in Jiaxing Anheng Investment Management Partnership (limited) and ningbo Anheng Investment Management Partnership (limited) to their employees. After the expiry of the lock-up period, the parties promised 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 demission, there will not be more transfers of shares, either direct or indirect.

The core technical staffs Yang Bo, Tan Xiuzhu, Zheng Xuexin, and Li Kai 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 12 months since the company's share listing date. Within 36 months since the date of listing of the present shares, the party can only transfer its owned partnership shares of the company in Jiaxing Anheng Investment Management Partnership (limited) and ningbo Anheng Investment Management Partnership (limited) to their employees. Within 4 years from the expiration of the restricted period of the pre-IPO shares the party held directly or indirectly, the pre-IPO shares transferred annually must not exceed 25% of the total number of shares they held before listing; within six months after demission from the company and its holding subsidiaries, the party shall not transfer or entrust others to manage the shares held directly or indirectly.