Certain A Shares of GuangZhou LingWe Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 1-FEB-2024. These A Shares will be under lockup for 366 days starting from 31-JAN-2023 to 1-FEB-2024.

Details:
Actual controllers committed that Hu Yingni, Hu Xiangzhong Within 36 months after the listing date, shall 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 shall automatically be extended for 6 months. During the term of office as the company?s director, member of supervisory board, senior management personnel, and within 6 months from resignation as director, supervisory board, senior management personnel before the end of the term, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company. Within half a year from resignation, shall not transfer shares held in the company.

Shareholders Xinyu Gaoling Investment Partnership Enterprise (L.P.) and Xinyu Lingwei Power Investment Partnership Enterprise (L.P.) committed that Within 36 months after the listing date, shall 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 shall automatically be extended for 6 months.

Partners of shareholders Xinyu Gaoling Investment Partnership Enterprise (L.P.), Xinyu Lingwei Power Investment Partnership Enterprise (L.P.) committed that Within 36 months after the listing date, shall 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.

Shareholders Guangzhou Ruicheng Venture Capital Co., Ltd., Suqian Xuyang Jinding Assets Management Partnership Enterprise (L.P.), Shenzhen Lingyu Jishi Equity Investment Partnership Enterprise (L.P.) and Guangzhou Ruiling Venture Capital Partnership Enterprise (L.P.) and Hu Limin, Yan Yuntong committed that Within 1 year after the listing date, shall 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.

Directors, Supervisors and Senior Managers holding shares of the issuer: Hong Hai, Hu Weimin, Peng Zhihua, Xia Tiwei, Sun Pingping, Liu Wanying, Chen Penghui Within 1 year after the listing date, shall 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 shall automatically be extended for 6 months. During the term of office as the company?s director, member of supervisory board, senior management personnel, and within 6 months from resignation as director, supervisory board, senior management personnel before the end of the term, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company. Within half a year from resignation, shall not transfer shares held in the company.