Certain A Shares of Giantec Semiconductor Corporation are subject to a Lock-Up Agreement Ending on 23-DEC-2023. These A Shares will be under lockup for 1466 days starting from 18-DEC-2019 to 23-DEC-2023.

Details:
The company's real shareholder Chen Zuotao, the Company?s controlling shareholder Jiangxi Heguang Co., Ltd, Wuhan Luojia Investments Co, Ltd., Beijing Luojia Investments Co., Ltd commits 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 months from listing, lock-up period will be automatically extended for another 6 months. 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.

Juchen Hong Kong, Xinyue Growth, Yiding Investment, Dengjuquan, Hong Kong, Xinyue Growth, Yiding Investment, Dengjuquan, Hongyue, Xinyue, Yiding, Investment, Dengyue, Jujuchen, Hong Kong, New Vietnam Yu Quanhe Juxiang Hong Kong, Wang Jingyang, Intel Capital, Jinmi Investment, Saifu Bohai, Haier Saifu, Midea Investment, Zhuoyu Investment Co., Ltd. , Tang Bin, People Better Co., Ltd., China Construction Hengtai Co., Ltd, Yang Qing, Zhang Hong, Mok Kuan Wei directors of the Company, Xu Qiuwen and Shi Wei and Ye Minhua, supervisors of the Company, Jin Zhongyuan, Zhang Jianchen, Yang Wei, Shen Wenlan and Yuan Chongwei, Tang Hao, Li Qiang, Zhou Zhong and Xia Tian commits that within 12 months since the date of listing of the present shares, there will 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 months from listing, lock-up period will be automatically extended for another 6 months. 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.