Certain A Shares of Shenzhen Longtech Smart Control Co., Ltd are subject to a Lock-Up Agreement Ending on 3-DEC-2023. These A Shares will be under lockup for 1102 days starting from 26-NOV-2020 to 3-DEC-2023.

Details:
The company?s holding shareholder, actual controller, director and management personnel Ouyang Zhengliang promised that within 36 months after the listing date, will not transfer nor entrust to others for management shares in the company, nor allow the company to repurchase the said shares. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months.

The company?s shareholder acting as supervisor Gou Xingrong and Indirect shareholders acting as the company?s director, management personnel Zhou Wu, Li Yanhui, Zhao Baofa, Huang Bin and Indirect shareholder acting as the company?s supervisor Luo Liying, Wei Yongxiao promised that within 12 months after the listing date, will not transfer nor entrust to others for management shares in the company, nor allow the company to repurchase the said shares.

The company?s shareholder Shenzhen Liangte Investment Management Co., Ltd., Shenzhen Pengcheng Gaofei Investment Management Partnership Enterprise (Limited Partnership), Zhuhai Pengcheng Zhanchi Investment Consulting Partnership Enterprise (Limited Partnership) promised that within 36 months after the listing date, will not transfer nor entrust to others for management shares in the company, nor allow the company to repurchase the said shares.