Certain A Shares of Long Young Electronic (Kunshan) Co., Ltd. are subject to a Lock-Up Agreement Ending on 31-OCT-2023. These A Shares will be under lockup for 378 days starting from 18-OCT-2022 to 31-OCT-2023.

Details:
The Company?s direct holding shareholder LY International Co., Limited, indirect holding shareholder Top Bright Holding Co., Ltd., actual controller Fu Qingxuan, and director Zhang Dongqin 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 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. After the lock-up has expired, while holding office, Fu Qingxuan and Zhang Dongqin committed to not transfer more than 25% of shares held each year.

The Company?s directors Chen Xianfeng and Jin Weiqin and finance director Wang Caixia, who are indirect shareholders, 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. 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. After the lock-up has expired, while holding office, they committed to not transfer more than 25% of shares held each year.

The Company?s supervisors and indirect shareholders Heng Xianmei, Lü Yongli, and Wang Yan and shareholders Kunshan Qunzhan Commercial Consulting Partnership Enterprise (Limited Partnership), Shaoxing Shangyu Huicong Enterprise Management Partnership Enterprise (Limited Partnership), Kunshan Shuangyu Lingba Equity Investment Enterprise (Limited Partnership), Kunshan Shuangyu Investment Enterprise (Limited Partnership), Suzhou Beilan Shengde Venture Capital Partnership Enterprise (Limited Partnership), Suzhou Heji Investment Co., Ltd., Kunshan Zhenming Consulting Services Co., Ltd., Shanghai Juhou Enterprise Management Partnership Enterprise (Limited Partnership), Suzhou Shengbang Information Technology Co., Ltd., Suzhou Dangxiu Plastic Su Xiao Materials Co., Ltd., Kunshan Hanyujie New Materials Technology Co., Ltd., Suzhou Benwu Enterprise Management Co., Ltd., and Suzhou Junshang Heyu Venture Capital Partnership Enterprise (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. After the lock-up has expired, while holding office, Heng Xianmei, Lv Yongli, and Wang Yan committed to not transfer more than 25% of shares held each year.

Kunshan Group Exhibition Business Consulting Partnership Enterprise (Limited Partnership) promised that, For shares in the company obtained through capital increase, within 36 months after the completion of the registration modification (December 18, 2020), will not transfer nor entrust to others for management the said shares, nor allow the company to repurchase the said shares. 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 issuance, nor allow the company to repurchase the said shares.