Certain A Shares of GuangZhou Wahlap Technology Corporation Limited are subject to a Lock-Up Agreement Ending on 17-JUN-2022. These A Shares will be under lockup for 373 days starting from 9-JUN-2021 to 17-JUN-2022.

Details:
The Company's actual controller Su Benli, persons acting in concert Su Benli and Su Wenbo, holding shareholder Hong Kong Wahlap International Holdings Limited, and Hong Kong Wahlap International Holdings Limited's shareholders Ota Toshihiro and Su Weijing committed: to not transfer or entrust to a third party the Company's shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.

The Company's shareholders Guangzhou Yangyou Technology Investment Co., Ltd., Liu Liuying, and Cai Ying and Guangzhou Yangyou Technology Investment Co., Ltd.'s shareholder Su Manli committed: to not transfer or entrust to a third party the Company's shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.

The Company's shareholders Shen Zhen Shengxunda Technology Co., Ltd., Su Yongyi, Liu Hongcheng, Zhang Ming, Du Yanshan, Guangzhou Zhiyuan No. 1 Technology Investment Partnership Enterprise (Limited Partnership), Games System Co., Ltd., Guangdong Yueke Xinhe Venture Capital Co., Ltd., CITIC Securities Co., Ltd., Guangzhou Chuangyu Mingheng Equity Investment Fund Enterprise (Limited Partnership), Chen Yinghong, Zhou Bin, Guo Kairong, Tan Yufeng, Su Weiqing, Li Zhen, Zhu Yunjie, Wang Junsheng, and Zhang Xia committed: to not transfer or entrust to a third party the Company's shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date.

Su Benli, Ota Toshihiro Su Yongyi, Liu Liuying, Cai Ying promised: After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.