Certain A Shares of NOVA Technology Corporation Limited are subject to a Lock-Up Agreement Ending on 22-DEC-2023. These A Shares will be under lockup for 1095 days starting from 22-DEC-2020 to 22-DEC-2023.

Details:
The issuer?s controlling shareholder and actual controller Chen Shulin and Jiang Xiaoming 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 .

Shareholders of the issuer holding more than 5% of Shenzhen Oriental Fuhai Venture Capital Enterprise (Limited Partnership) and Shenzhen Zhongchuang Jiaye Investment Enterprise (Limited Partnership), Chen Jinbiao, Hou Gang, Huang Yuhua, Liu Huichuang, the partners of Zhongchuang Jiaye who are directors, supervisors or senior executives of the company have 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.