Certain A Shares of Beijing Hengyu Datacom Aviation Equipment co., LTD. are subject to a Lock-Up Agreement Ending on 2-APR-2024. These A Shares will be under lockup for 1105 days starting from 24-MAR-2021 to 2-APR-2024.

Details:
The Company?s holding shareholder Rao Danni, actual controllers Rao Danni and Wang Shu, directors, supervisors, and senior management who are indirect shareholders Guo Xiaodong, Gu Jianbin, Yang Yong, Zhou Weibin, Jin Yupeng, Zhang Nuo, and Zhou Fang and Zibo Hengyu Tongde Information Consulting Partnership Enterprise committed: to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months. After the lock-up has expired, while holding office, Guo Xiaodong, Gu Jianbin, Yang Yong, Zhou Weibin, Jin Yupeng, Zhang Nuo, and Zhou Fang committed to not transfer more than 25% of shares held each year.

The Company?s director and shareholder Wu Liubin committed: to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months. After the lock-up has expired, while holding office, Wu Liubin committed to not transfer more than 25% of shares held each year.