Certain A Shares of ShenZhen QiangRui Precision Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 11-NOV-2023. These A Shares will be under lockup for 737 days starting from 4-NOV-2021 to 11-NOV-2023.

Details:
The company?s actual controllers Yin Gaobin, Liu Gang will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares within 36 months after the listing date. 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. Within 36 months after the listing date, and during the term of service as director, supervisor, management personnel, the number of company shares transfer each year will not exceed 25% of the total shares held in the company.

The company?s holding shareholder Shenzhen Qiangrui Investment Holding Co., Ltd and Shenzhen Qiangrui Investment Enterprise (Limited Partnership) will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares within 36 months after the listing date. 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.

Jiangsu Addor Xinhai Venture Capital Fund (Limited Partnership); Jiangsu Addor Xinshuo Venture Capital Fund (Limited Partnership); the other shareholders namely Xiao Hui, Shenzhen Weihan Growth Equity Investment Fund Partnership Enterprise (Limited Partnership), Wang Yi, Jiangsu Jiequan Oriza Puhua Equity Investment Partnership Enterprise (Limited Partnership) (formerly: Suzhou Jiuquan Zhixin Equity Investment Partnership Enterprise (Limited Partnership) will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares within 12 months after the listing date.


The company?s directors Shen Juezhong, You Xiangyang, Zuo Wenguang, Chen Zhihe, Zeng Zhigang, Qiang Xiaoyang, Sun Minfang, supervisors Zhao Di, Fang Xiaohua and Tang Huiming will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares within 12 months after the listing date. 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. Within 12 months after the listing date, and during the term of service as director, supervisor, management personnel, the number of company shares transfer each year will not exceed 25% of the total shares held in the company.