243,707,850 H Shares of Qingdao AInnovation Technology Group Co., Ltd. are subject to a Lock-Up Agreement Ending on 27-JAN-2023. These H Shares will be under lockup for 366 days starting from 26-JAN-2022 to 27-JAN-2023.

Details:
Pursuant to a deed of lock-up undertaking dated January 13, 2022, a total of 270,852,588 shares held by Sinovation Ventures, Xu Hui and the Employee Incentive Platforms will be under lock-up until July 27, 2023 and 243,707,850 shares held by existing shareholders (inclusive of the Pre-IPO Investors, except Sinovation Ventures, Xu Hui and the Employee Incentive Platforms) (save for the H Shares to be subscribed by SVF II Zeal pursuant to the Cornerstone Investment Agreement) will be under lock-up until January 27, 2023.