Certain A Shares of Beijing Jingpin Tezhuang Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 9-DEC-2023. These A Shares will be under lockup for 369 days starting from 5-DEC-2022 to 9-DEC-2023.

Details:
The company?s holding shareholder 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.

The company?s actual controller promised within 36 months after the listing date, will not transfer nor entrust to others for management 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 acting as director, management personnel promised within 12 months after the listing date, will not transfer nor entrust to others for management 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. If acting as company?s core technical personnel, 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.

Shareholders acting as supervisors promised within 12 months after the listing date, will not transfer nor entrust to others for management 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. If acting as company?s core technical personnel, 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.

Shareholders acting as core technical personnel promised within 12 months after the listing date and within 6 months after resignation, will not transfer nor entrust to others for management 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.

Shareholder Beijing Huakong Industrial Investment Fund (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.

New shareholders within the year, including Beijing Zhongfa Zhuli No.1 Investment Fund (Limited Partnership), Qianhai Zhongchuan (Shenzhen) Smart Ocean Private Equity Fund Partnership Enterprise (Limited Partnership) promised Within 36 months after obtaining shares in the company and 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.

Other institutional shareholders 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.

Other individual shareholders 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.