Certain A Shares of Nanjing CIGU Technology Corp.,LTD. are subject to a Lock-Up Agreement Ending on 22-SEP-2023. These A Shares will be under lockup for 372 days starting from 15-SEP-2022 to 22-SEP-2023.

Details:
Directors, management personnel Wu Lihua, Dong Jiyong, Xu Longxiang, Wu Ningchen, Xiao Lanhua, Lin Yingzhe, Du Zhijun, Fu Anqiang promised that within 12 months after the listing date, will not transfer nor entrust to others for management shares in the company held prior to issuance, nor allow the company to repurchase the said shares. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months. During the term of office in the company, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Supervisor Wang Li promised that within 12 months after the listing date, they will not transfer nor entrust to others for management indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares. During the term of office in the company, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Core technical personnel Xu Longxiang, Lin Yingzhe, Hu Sining, Bao Jinzhe, Meng Fanfei promised that within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares. Within 4 years after expiration of lockup, the shares in the company held prior to issuance that can be transferred in a year will not exceed 25% of the total shares held in the company.

Nanjing Baolifeng Intelligent Equipment Manufacturing Partnership Enterprise (Limited Partnership), Nanjing Industry Development Fund Co., Ltd. Shanghai Xianghe Yongyuan Equity Investment Partnership Enterprise (Limited Partnership) Shanghai Yongji Huachuang Equity Investment Partnership Enterprise (Limited Partnership) and other shareholders Dong Jiyong, Li Chuansheng, Zhang Jing, Zhang Hui, Liu Yingming, Lv Yunfeng promised that within 12 months after the listing date, will not transfer nor entrust to others for management shares in the company held prior to issuance, nor allow the company to repurchase the said shares.

The company?s holding shareholder, actual controller Wu Lihua, Wu Ningchen promised that within 36 months after the listing date, will not transfer nor entrust to others for management shares in the company held prior to issuance, nor allow the company to repurchase the said shares. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months. During the term of office in the company, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.