Certain A Shares of Guangdong Kingshine Electronic Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 5-NOV-2023. These A Shares will be under lockup for 1102 days starting from 29-OCT-2020 to 5-NOV-2023.

Details:
The company controlling shareholders and actual controllers Zheng Xiaorong, Tan Dong and Kingshine Capital Co., Ltd., and Kingshine Fuhong Co., Ltd committed that within 36 months since the date of listing of the present shares, there will 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 month 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. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect.

Shareholders Zhang Xinhua, Chen Huanxian, Gongqingcheng Yintai Jiayu Investment Management Partnership (Limited Partnership), Zhuhai Hengqin Kexiang Fufa Electronic Partnership (Limited Partnership), Zhuhai Hengqin Kexiang Fuchang Electronic Partnership (Limited Partnership), Pingtan Liyong Equity Investment Partnership (Limited Partnership), Datang Huijin (Suzhou) Industrial Investment Fund Partnership (Limited Partnership), Zhuhai Shenzhihua Phase I Investment Center (Limited Partnership), Hangzhou Yinghang Vision Equity Investment Partnership (Limited Partnership) , Shenzhen Qindao Growth No. 5 Investment Partnership (Limited Partnership), Pingxiang Qindao Huisheng Equity Investment Fund (Limited Partnership), Shenzhen Qindao Juxin Investment Partnership (Limited Partnership) committed that within 12 months since the date of listing of the present shares in the Shenzhen Stock Exchange, there will be no transfers nor entrustment of shares to any third party nor repurchase by the Company.

Chen Huanxian, Zheng Haitao, Liu Dong, Wang Yanli, He Renhu, Qin Yuanguo, Cheng Jian, Gao Junsheng and Liu Tao committed that within 12 months since the date of listing of the present shares in the Shenzhen Stock Exchange, there will 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 month from listing, lock-up period will be automatically extended for another 6 months.