Certain A Shares of Shen Zhen Australis Electronic Technology Co.Ltd are subject to a Lock-Up Agreement Ending on 3-FEB-2024. These A Shares will be under lockup for 1102 days starting from 27-JAN-2021 to 3-FEB-2024.

Details:
The company?s controlling shareholder and actual controller Jiang Faming and Pan Lianxing, Company shareholder Shenzhen Nanjiguang Management Consulting Partnership (Limited Partnership), Shenzhen Osman Consulting Management Partnership (Limited Partnership), Company shareholders Pan Jingquan, Zhang Shaoxua and Xu Xianqiang have promised that 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. 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.

Liang Rongxun, a shareholder of the company's directors and senior management, and Mao Chongwen, a shareholder of the company and senior management and commitment of other company shareholders have promised that 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 months 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), 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.