Certain A Shares of iRay Technology Company Limited are subject to a Lock-Up Agreement Ending on 18-SEP-2021. These A Shares will be under lockup for 375 days starting from 8-SEP-2020 to 18-SEP-2021.

Details:
The Company's actual controllers Cao Honguang, Gu Tie, Qiu Chengbing, and Yang Weizhen and shareholders Shanghai Yiyuan Herui Investment Consulting Co., Ltd., Shanghai Heiyi Investment Management Co., Ltd., Shenzhen Dingcheng Hezhong Investment Fund Management Partnership Enterprise (Limited Partnership), Shanghai Changrui Investment Consulting Partnership Enterprise (Limited Partnership), Shanghai Changze Investment Consulting Partnership Enterprise (Limited Partnership), and Shanghai Kaiwen Management Consulting Partnership Enterprise (Limited Partnership) committed that 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.

The Company's other shareholders (Beijing Sequoia Xinyuan Equity Investment Center (Limited Partnership) Tianjin Sequoia Juye Equity Investment Partnership (Limited Partnership), Shanghai Zhangjiang Torch Venture Capital Co., Ltd., Heyuan Northern Light Venture Capital Partnership of Suzhou Industrial Park Partner) Shanghai Chendai Investment Center (Limited Partnership) Shanghai Chende Chunhua Investment Center (Limited Partnership) Suzhou Chenzhide Investment Partnership (Limited Partnership), Fan Xunzhong, Fang Zhiqiang, Qiu Min, Huang Yimin Lin Yancheng Lu Yao) 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.

Haitong Innovation Securities Investment Co., Ltd. subscribed for 546,000 and are under lock up for 24 months.

CICC Yirui No. 1 employee participates in the strategic placement collective asset management plan on the Sci-tech Innovation Board subscribed for 1,318,075 shares and are under lock up for 12 months.