Certain A Shares of Henan Carve Electronics Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 23-DEC-2022. These A Shares will be under lockup for 372 days starting from 16-DEC-2021 to 23-DEC-2022.

Details:
The company's holding shareholder Shenzhen Kaixin Investment Co., Ltd.; Chen Haigang and his wife Han Liucai, the actual company controllers; shareholder Zhoukou Dingbang Management Consulting Partnership Enterprise (Limited Partnership); the company's director, vise general manager and the relative of the actual controller Liu Zhongyi promised within 36 months since the date of listing of the present shares, there will not 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.

Shareholder Henan Nongmin Gongfanxiang Venture Capital Fund (Limited Partnership) and Zhoukou Industry Cluster Zone Development Investment Co., Ltd. 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.

The company's shareholders Ningbo Hualing Investment Management Partnership Enterprise (Limited Partnership) and Henan Fanxiang Innovation Equity Investment Fund (Limited Partnership) 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 and 36 months from the registration date of their becoming shareholders (December 23, 2019).

Zhoukou Jubang Management Consulting Partnership Enterprise (Limited Partnership) promised within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the company.