Certain A Shares of Shenzhen KTC Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 18-MAR-2023. These A Shares will be under lockup for 369 days starting from 14-MAR-2022 to 18-MAR-2023.

Details:
Ling Bin, the controlling shareholder of the company, and Ling Bin and Wang Xi, the joint actual controllers, undertake that within 36 months from the date of listing of the company's shares, they will not transfer or entrust others to manage the company's directly or indirectly held shares before the company's public offering. issued shares, nor will the company repurchase the shares that have been issued before the company's public offering of shares held directly or indirectly by the company.

The company's shareholders Li Yubin and Ling Feng promise: within 36 months from the date of the company's stock listing, they will not transfer or entrust others to manage their directly or indirectly held shares that have been issued before the company's public offering, nor will the company return Purchase the shares that have been issued before the public offering of shares of the company that I directly or indirectly hold.

The company's shareholders Zhiyuan Investment, Vision Investment, Vision Investment, Vision Investment, and Shixin Investment promise: within 36 months from the date of listing of the company's stock, they will not transfer or entrust others to manage the assets directly or indirectly held by this institution. The shares issued before the company's public offering of shares shall not be repurchased by the company directly or indirectly held by the company's shares that have been issued before the company's public offering of shares. (2) Other commitments made by directors, supervisors and senior staff regarding share lock-up and transfer restrictions

Ling Bin, Li Yubin, Ling Feng, Liao, directors and senior executives who directly or indirectly hold the company's shares Kehua, Chen Maohua, Zhang Bin, Sun Jianhua, and Wu Yuan promise: After the lock-up period of the shares they hold expires, the shares transferred each year during their tenure as directors and senior managers, within the term of office determined at the time of taking office, and within six months after the expiration of the term of office, shall not be allowed. More than 25% of the company's shares directly or indirectly held by me; within half a year after leaving the company, the company's shares directly or indirectly held by me shall not be transferred.

If the shares held by me are reduced within two years after the expiration of the lock-up period, the reduction price shall not be lower than the issue price; if the closing price of the company's stock for 20 consecutive trading days within 6 months after the company's listing is lower than the issue price, or the listing price shall not be lower than the issue price. At the end of the next 6 months (September 18, 2022, the non-trading day will be postponed to the next trading day), if the closing price is lower than the issue price, the lock-up period for holding the company's shares will be automatically extended for at least 6 months; In case of ex-dividend or ex-rights such as dividends, bonus shares, conversion to share capital, additional issuance of new shares or allotment, the above prices will be adjusted accordingly.

The supervisors Zhang Huilin and Jiang Wei who indirectly hold the shares of the company undertake that after the lock-up period of the shares they hold expires, the shares transferred each year during their tenure as supervisors, the term of office determined at the time of taking office, and the six months after the expiration of the term of office shall not exceed the number of shares directly or indirectly held by them. Indirectly hold 25% of the company's total shares; within half a year after leaving the company, the company's shares directly or indirectly held by me shall not be transferred.