Certain A Shares of Suzhou Huaya Intelligence Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 6-APR-2024. These A Shares will be under lockup for 1104 days starting from 29-MAR-2021 to 6-APR-2024.

Details:
The company?s holding shareholder Wang Cainan, actual controller Wang Jingyu and Lu Qiaoying, shareholder Suzhou Chunyuxin Investment Consulting Service Partnership Enterprise (Limited Partnership) 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 month from listing, lock-up period will be automatically extended for another 6 months. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests.

Shareholders Wang Xuejun, Wang Xiaogang, Lu Xinglong, Wang Shuinan, Han Xupeng and Jin Jianxin promised that within 12 months after the listing date, will not transfer nor entrust to others for management shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.

The directors, supervisors and senior executives who directly or indirectly hold the company?s shares promised that 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. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests. 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.