Certain A Shares of Jiangsu Smartwin Electronics Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 24-JAN-2023. These A Shares will be under lockup for 365 days starting from 24-JAN-2022 to 24-JAN-2023.

Details:
The company's controlling shareholder and the actual controller Ying Faxiang, Bo Yujuan; Directors, supervisors and senior executives who indirectly hold shares of the company commit, Jurong Smartwin Investment Management Partnership (Limited Partnership); Indirectly shareholder Tang Xiaobin to 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.

After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

Shenzhen Yunhui No. 6 Venture Capital Partnership (Limited Partnership) promised within 12 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.