Certain A Shares of Jiangsu Rijiu Optoelectronics Jointstock Co., Ltd are subject to a Lock-Up Agreement Ending on 21-OCT-2023. These A Shares will be under lockup for 1101 days starting from 15-OCT-2020 to 21-OCT-2023.

Details:
The Company?s holding shareholders and actual controllers Chen Chao and Chen Xiaoli and shareholder Kunshan Xingri Investment Management Center (Limited Partnership) committed that they will 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 36 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.

The Company?s shareholders Wu Weiguo and Chuangying Tianxia (Ningxia) Fund Management Partnership Enterprise (Limited Partnership) committed that they will 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 36 months from the listing date.

The Company?s directors and senior management who are shareholders Lv Jingbo, Zhao Rui, Xu Yijia, and Zhang Yong committed that they will 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. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.

The Company?s shareholders Shenzhen Zhuowen Shangde Venture Capital Enterprise (Limited Partnership) and Haining Hairui Industrial Investment Partnership Enterprise (Limited Partnership), supervisors who are shareholders Zhou Feng and Ren Guowei, and the other shareholders committed that they will 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.