Certain A Shares of Suzhou QingYue Optoelectronics Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 29-DEC-2023. These A Shares will be under lockup for 373 days starting from 21-DEC-2022 to 29-DEC-2023.

Details:
The company?s actual controller Gao Yudi promised within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, 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. During the term of office in the company, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Shareholders Kunshan Hegao Information Technology Co., Ltd., Kunshan Hezhi Gongchuang Enterprise Management Partnership Enterprise (Limited Partnership) promised Within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, 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.

Other shareholders FAITH CROWN INTERNATIONAL LIMITED, CROWN CAPITAL HOLDINGS LIMITED, Kunshan High-tech Venture Capital Co., Ltd., Kunshan Hezhi Shengyang Enterprise Management Partnership Enterprise (Limited Partnership), Kunshan Hezhi Qiyang Enterprise Management Partnership Enterprise (Limited Partnership) promised Within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares.

Director Sun Jian, management personnel Mu Xinju promised For the shares held in the company through Kunshan Hezhi Gongchuang Enterprise Management Partnership Enterprise (Limited Partnership), within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares.

For the shares held in the company through Kunshan Hezhi Shengyang Enterprise Management Partnership Enterprise (Limited Partnership) and/or Kunshan Hezhi Qiyang Enterprise Management Partnership Enterprise (Limited Partnership), Director Li Guowei, within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, 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. During the term of office in the company, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Management personnel Zhang Xiaobo promised For the shares held in the company through Kunshan Hezhi Gongchuang Enterprise Management Partnership Enterprise (Limited Partnership) and Kunshan Hegao Information Technology Co., Ltd., within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares. For the shares held in the company through Kunshan Hezhi Shengyang Enterprise Management Partnership Enterprise (Limited Partnership) and/or Kunshan Hezhi Qiyang Enterprise Management Partnership Enterprise (Limited Partnership), within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, 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. During the term of office in the company, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Supervisor Wu Lei promised For the shares held in the company through Kunshan Hezhi Gongchuang Enterprise Management Partnership Enterprise (Limited Partnership), within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares. For the shares held in the company through Kunshan Hezhi Shengyang Enterprise Management Partnership Enterprise (Limited Partnership) and/or Kunshan Hezhi Qiyang Enterprise Management Partnership Enterprise (Limited Partnership), within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares. During the term of office in the company, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Core technical personnel Liu Hongjun, Zhang Feng promised For the shares held in the company through Kunshan Hezhi Gongchuang Enterprise Management Partnership Enterprise (Limited Partnership), within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares. For the shares held in the company through Kunshan Hezhi Shengyang Enterprise Management Partnership Enterprise (Limited Partnership) and/or Kunshan Hezhi Qiyang Enterprise Management Partnership Enterprise (Limited Partnership), within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares. Within 4 years after expiration of lockup, the shares in the company held prior to issuance that can be transferred in a year will not exceed 25% of the total shares held in the company prior to issuance during listing.

Core technical personnel Ma Zhongsheng promised For the shares held in the company through Kunshan Hezhi Shengyang Enterprise Management Partnership Enterprise (Limited Partnership), within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares. Within 4 years after expiration of lockup, the shares in the company held prior to issuance that can be transferred in a year will not exceed 25% of the total shares held in the company prior to issuance during listing.

Kunshan Hezhishengyang Enterprise Management Partnership (Limited Partnership) and Kunshan Hezhiqiyang Enterprise Management Partnership (Limited Partnership) promise:

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.