Certain A Shares of Henan Shijia Photons Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 12-AUG-2023. These A Shares will be under lockup for 1103 days starting from 4-AUG-2020 to 12-AUG-2023.

Details:
The controlling shareholder and actual controller 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 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), 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. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect.

If any of the parties The company to resign within 6 months from the present IPO, neither direct nor indirect holdings might be transferred or sold for 18 months since the date of rescinding. If the parties resign within 7 to 12 months after the IPO, neither direct nor indirect holdings might be transferred or sold for 12 months since the date of rescinding.

Wang Xinmin, an affiliate shareholder of the actual controller Ge Haiquan, promised 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 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 directors and senior management of the issuer committed that within 12 months since the date of listing of the present shares in the Shanghai Stock Exchange, 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 supervisor promised that during his tenure of office the company's stocks and their changes, and the shares transferred each year during my term of office do not exceed 25% of the total number of company shares held by me; It does not transfer or entrust others to manage within one year from the date. If the supervisor resigns before the expiration of my term of office, the shares transferred annually shall not exceed 25% of the total number of shares of the company supervisor held within the term of office determined at the time of my appointment and within six months after the term expires. Supervisor will not transfer the shares of the company the supervisor holds within six months after leaving the company.

The company's core technical staff promises that within 12 months since the date of listing of the present shares in the Shanghai Stock Exchange, 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.

Other shareholders of the company committed that shares issued by the company directly or indirectly held by the company directly or indirectly before the company publicly issues shares shall not be transferred or entrusted to others for management or repurchase by the issuer within one year from the date of listing and trading of the company's shares on the stock exchange.