Certain A Shares of Kunshan GuoLi Electronic Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 10-SEP-2022. These A Shares will be under lockup for 369 days starting from 6-SEP-2021 to 10-SEP-2022.

Details:
Yin Jianping, the controlling shareholder and actual controller of the company, made the following 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. 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 were 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.

Commitment of the shareholder Kunshan Guoyi Investment Management Center (Limited Partnership) 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 shareholder Jinan Caijin Fosun Weishi Equity Investment Fund Partnership (Limited Partnership), the shareholders Huang Hao and Qin Yingyao serving as directors, senior managers, and core technical personnel, senior managers Li Ping and Zhang Xuemei who indirectly hold shares of the company, Yin Qin and Li Qinghua, the supervisors who directly or indirectly hold the company's shares and other shareholders of the company Huang Youhe, Lu Shan, Suzhou Ruihua Investment Partnership (Limited Partnership), Cheng Zhizhong, Changjiang Chendao (Hubei) New Energy Industry Investment Partnership (Limited Partnership), Karamay Kunlun Qianxi Venture Capital Fund Partnership (Limited Partnership) Partnership), Pang Lirong, Jiangsu High-tech Industry Investment Co., Ltd., Yao Xihui, Huang Bingquan, Nanjing Jinyongzheng Enterprise Management Center (Limited Partnership), Beijing Kechuang Rongzhi Venture Capital Center (Limited Partnership), Huang Yi, Yan Jiantao, Zhang Liyun, Wang Zhaoqiang , Tian Baoan, Shenzhen Dongfanghui Asset Management Co., Ltd., Wei Junfeng, Ningbo Meishan Free Trade Port Zone Chaoxing Venture Capital Partnership (Limited Partnership), He Jun, Zhang Yuekang, Zhang Pingan, Zhu Lihong, Li Qiang, Xiao Xiangdong, Lu Mingyan, Yang Zhenqiu , Fang Hua, Gong Guojian, Cui Shoujun, Cai Aiyu, Rao Xiuqin, Gao Jianguo, Li Yabin, Deng Shuhua promised 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.