Certain A Shares of Shanghai V-Test Semiconductor Tech. Co., Ltd. are subject to a Lock-Up Agreement Ending on 26-OCT-2023. These A Shares will be under lockup for 370 days starting from 21-OCT-2022 to 26-OCT-2023.

Details:
The actual controller, chairman, general manager, and core technical personnel Pian Wensheng 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. After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

The controlling shareholder Shanghai Ruice Semiconductor Technology Co., Ltd. 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 months from listing, lock-up period will be automatically extended for another 6 months.

Shareholder Sumintou Junxin (Shanghai) Industrial Upgrading and Technological Innovation Equity Investment Partnership (Limited partnership), Suzhou Jiequan Zhixin Equity Investment Partnership (Limited Partnership), Shenzhen Nanhai Growth Tongying Equity Investment Fund (Limited Partnership), Karamay Yunze Yuqing Equity Investment Management Limited Partnership Enterprise, Suzhou Detonghexin Venture Capital Partnership Enterprise (Limited Partnership), SME Development Fund (Shenzhen Nanshan Limited Partnership), Gu Chengbiao, Tu Jie, Yuanhai Mingsheng (Suzhou) Equity Investment Partnership (Limited Partnership), Guangxi Taida Xinyuan Equity Investment Co., Ltd. , Nanjing Jinpu Xinchao Venture Capital Partnership (Limited Partnership), Jiangsu Xinchao Technology Group Co., Ltd., Shanghai Xinwei Semiconductor Partnership (Limited Partnership), Sumin Wuxi Intelligent Manufacturing Industry Investment and Development Partnership (Limited Partnership) and its concerted person Wuxi Pioneer Intelligent Manufacturing Investment Partnership Enterprise (Limited Partnership) committed within 12 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.

Directors, senior managers, core technical personnel Wen Guotao, Lu Feng, and senior managers and core technical personnel Liu Kun who indirectly hold shares of the company promised within 12 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. After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

Director Yu Bo and senior executive Wang Pei, who indirectly hold shares of the company; Supervisors Qiao Conghuan and Zhou Xinyao, who indirectly hold shares of the company promised within 12 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. After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.