Certain A Shares of Hangzhou Heshun Technology Co.,LTD. are subject to a Lock-Up Agreement Ending on 23-MAR-2024. These A Shares will be under lockup for 738 days starting from 16-MAR-2022 to 23-MAR-2024.

Details:
The issuer?s actual controllers Fan Heqiang and Zhang Jing promised 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 month from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests. Fan Shunhao, a person acting in concert with the issuer?s major shareholder and actual controller, promised 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 month from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests. The issuer's institutional shareholder Yihao investment Co., Ltd promised 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 month from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests.

Hangzhou Yuanning Huixin Investment Partnership (Limited Partnership)?Hangzhou Guangfeng Qiwo Equity Investment Partnership (Limited Partnership)?Ningbo Meishan Free Trade Port Zone Zhejiang Fu Jufeng Equity Investment Partnership Enterprise (Limited Partnership)?Tonglu Zhefu Tongjun Equity Investment Fund Partnership (Limited Partnership)?Hangzhou Jintou Zhiye Venture Capital Partnership (Limited Partnership) promised within 12 months from the date of listing of the issuer?s stocks, the company shall not transfer or entrust others to manage the company?s directly or indirectly held shares issued before the issuer?s public offering of shares, nor shall the issuer repurchase the company?s direct Or such shares held indirectly; The issuer?s directors and senior managers Zhang Wei, Wu Xiqing, He Feng, Xie Xiaorui, Chen Zhengjian promised within 12 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 month from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests. 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. The issuer?s supervisors Yao Huiming, Fan Jun and Zhou Wenhao promised within 12 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

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.The issuer's other natural person shareholders' promised within 12 months from the date of listing of the issuer?s stocks, the company shall not transfer or entrust others to manage the company?s directly or indirectly held shares issued before the issuer?s public offering of shares, nor shall the issuer repurchase the company?s direct Or such shares held indirectly