Certain A Shares of Chengdu Lihang Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 15-MAR-2023. These A Shares will be under lockup for 371 days starting from 9-MAR-2022 to 15-MAR-2023.

Details:
The Company’s controlling shareholder, actual controller, Chairman of the Board, general manager Liu Suiyang, the Company’s shareholder Chengdu Ruilian Jiaxin Enterprise Management Advisory Partnership Enterprise (Limited Partnership) have committed not to transfer or entrust to a third party the Company’s shares it holds directly or indirectly before the public offering or allow the Company to repurchase these shares within 36 months from the Company’s share listing date. 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. 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.

The Company’s shareholder Liu Yanping has committed not to transfer or entrust to a third party the Company’s shares it holds directly or indirectly before the public offering or allow the Company to repurchase these shares within 36 months from the Company’s share listing date.

The Company’s shareholders serving as directors, vice general manager, secretary of the Board Wan Linjun, and director Wang Dongming, the Company’s shareholders Huakong Kegong (Ningbo Meishan Bonded Port Area) Equity Investment Fund Partnership Enterprise (Limited Partnership), Huakong Hubei Kegong Industrial Investment Fund (Limited Partnership), Chengdu Haicheng Junrong No.1 Equity Investment Fund Partnership Enterprise (Limited Partnership), Linyi Yun’an Taixin Enterprise Management Center Partnership Enterprise (Limited Partnership), Xinyu Jingdao Fucheng Tianhang Investment Partnership Enterprise (Limited Partnership) and Chengdu Boyuan Xinhang Venture Capital Fund Partnership Enterprise (Limited Partnership) have committed not to transfer or entrust to a third party the Company’s shares they hold directly or indirectly before the public offering, or allow the Company to repurchase these shares within 12 months from the Company’s share listing date. 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. 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.