Certain A Shares of Dnake (Xiamen) Intelligent Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 10-NOV-2023. These A Shares will be under lockup for 1096 days starting from 9-NOV-2020 to 10-NOV-2023.

Details:
The company?s holding shareholder, actual controller, general manager Miao Guodong, Xiamen Xinhechuang Investment Co., Ltd 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 this 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.

Fujian Hongqiao Equity Investment Partnership Enterprise (Limited Partnership), Zhuang Wei and Hou Hongqiang, Supervisor Zhao Hong, and other shareholders Xiamen Xinglian Group Co., Ltd., Xiamen Hongshengli Investment Partnership Enterprise (Limited Partnership), Xiamen Wanshunrong Investment Partnership Enterprise (Limited Partnership), Yiwu Chili Equity Investment Partnership Enterprise (Limited Partnership), Xiamen Qicheng Heyang Investment Partnership Enterprise (Limited Partnership), Pei Shaoshan, Xia Yuqin, Chen Qicheng, Xu Zhaopeng, Beijing Qingrong Investment Management Co., Ltd.,Haimen Shidai Bole Equity Investment 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 this 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.