Certain A Shares of Essence Information Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 24-JUN-2021. These A Shares will be under lockup for 373 days starting from 16-JUN-2020 to 24-JUN-2021. Details: The company’s actual controller Li Ying, Liu Xuesong, Ningbo Runze Investment Partnership Enterprise (Limited Partnership), Zeda Chuangxin (Ningbo) Investment Management Co., Ltd., Ningbo Jiaming Lisheng Investment Partnership Enterprise (Limited Partnership), Ningbo Baoyuan Xintong Information Technology Co., Ltd., hejiang Yinao Investment Management Co., Ltd, Mei Sheng and Chen Meilai 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, within 36 months after the listing date. 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. The company’s directors Chen Ran, Wu Yongjiang, Feng Yan, Guo Chouhong, Huang Suwen, Nie Wei and the company’s director, management personnel Ying Lan will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, within 12 months after the listing date. 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. The company’s supervisor Luan Lianjun, Wang Xiaoliang, Zhao Yijun, and other shareholders will not transfer nor entrust to others for management shares in the company held prior to this issuance, nor allow the company to repurchase the said shares, within 12 months after the listing date. Suzhou Cambridge Venture Capital Co., Ltd will not transfer nor entrust to others for management 0.76% stake in the company (total of 475,000 shares) indirectly held by Suzhou Cambridge Venture Capital Co., Ltd.’s shareholders excluding Liu Xuesong, nor allow the company to repurchase the said shares, within 12 months after the listing date and it will not transfer nor entrust to others for management 0.04% stake in the company (total of 25,000 shares) indirectly held by Suzhou Cambridge Venture Capital Co., Ltd.’s shareholder Liu Xuesong, nor allow the company to repurchase the said shares, within 36 months after the listing date.