Certain A Shares of Lontium Semiconductor Corporation are subject to a Lock-Up Agreement Ending on 10-FEB-2024. These A Shares will be under lockup for 365 days starting from 10-FEB-2023 to 10-FEB-2024.

Details:
The actual controller FENG CHEN and the concerted actor Qiu Chengying (the mother of the actual controller) promised that, 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.

FENG CHEN promised additionally, that 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.

The company?s directors and senior managers Liu Yongyue, and Su Jin promised that, 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. 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. 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.

Shareholders Hefei Saifu Heyuan Venture Capital Center (Limited Partnership), Anhui Hongtu Venture Capital Investment Co., Ltd., Hefei Zhong'an Haichuang Venture Capital Partnership Ent. (LP), and Chuzhou Zhong'an Venture Capital Emerging Industry Fund Partnership Ent. (LP) promised that, 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.

Xia Hongfeng, the core technician of the company, promised that, within 12 months since the date of listing of the present shares and 6 months after resigning there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. 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.

The company shareholder Hefei Xincaifu Information Technology Center (General Partnership) promised that, 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.

The shareholders Huafu Ruixing Investment Management Co., Ltd., Lonex Holding Limited, Wang Jinhong, Wang Congshui, Wang Ping, and Zuo Jianjun promised that, 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.