Certain A Shares of Tongda Smart Tech (Xiamen) Co., Ltd. are subject to a Lock-Up Agreement Ending on 13-MAR-2024. These A Shares will be under lockup for 376 days starting from 3-MAR-2023 to 13-MAR-2024.

Details:
The issuer?s controlling shareholders Tongda Modern Home (Hong Kong) Limited and Tongda (Xiamen) Technology Investment Co., Ltd. promise 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 months from listing, lock-up period will be automatically extended for another 6 months.

The issuer?s actual controllers Wang Yayang, Wang Yayu, Wang Yahua, and Wang Ya?nan 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 months from listing, lock-up period will be automatically extended for another 6 months.

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.

Director Ye Jinhuang, senior executives You Junfeng, Ji Li, Zhang Jingguo, and Zeng Zulei, who hold the shares of the issuer, promised that within 12 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 months from listing, lock-up period will be automatically extended for another 6 months.

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.

The commitment of Huang Jing, the supervisor who holds the shares of the issuer, on the lock-up of shares within 12 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.

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.

The commitment of other personnel holding the issuer?s shares by Luo Jie, Xiong Wuhua, and Wu Chen on the lock-up of shares within 12 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.