Certain A Shares of Maxic Technology, Inc. are subject to a Lock-Up Agreement Ending on 22-MAY-2024. These A Shares will be under lockup for 373 days starting from 15-MAY-2023 to 22-MAY-2024.

Details:
The Company?s actual controller Cheng Baohong 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, they committed to not transfer more than 25% of shares held each year.
Within 4 years after the lock-up has expired, they committed to not transfer more than 25% of shares held each year.

The Company?s holding shareholder Leavision Incorporated 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.

The Company?s shareholders Auspice Bright Incorporated, Zhuhai Hengqin Xuanyu Investment Partnership Enterprise (Limited Partnership), Zhuhai Hengqin Boshengxin Investment 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 36 months from the listing date.

The Company?s directors Liu Liusheng, Guo Yueyong 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.
Within 4 years after the lock-up has expired, they committed to not transfer more than 25% of shares held each year.

The Company?s senior management Liu Yan, Yu Longzhen Zhong Ming 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 Leng Xiong, Zhao Xingtao 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, they committed to not transfer more than 25% of shares held each year.

The Company?s shareholders Shenzhen Habo Technology Investment Partnership Enterprise (Limited Partnership), Quzhou Ruixin Enterprise Management Partnership Enterprise (Limited Partnership), Shenzhen Runxin Xinguanxiang Strategic Emerging Industries Private Equity Investment Fund Partnership Enterprise (Limited Partnership), Shenzhen Zhicheng Shuzhi No. 3 Venture Capital Partnership Enterprise (Limited Partnership), Xiamen Jixin Jinyuan Equity Investment Partnership Enterprise (Limited Partnership), Jinggangshan Jike Equity Investment Partnership Enterprise (Limited Partnership), Qingdao Zhongjing Helu Xinkuajing Venture Capital Fund Enterprise (Limited Partnership), Hunan Kailian Haijia Equity Investment Partnership Enterprise (Limited Partnership), Weifang Guowei Runxin Hengxin New and Old Power Conversion Equity Investment Fund Partnership Enterprise (Limited Partnership), Xi'an Tianli Investment Partnership Enterprise (Limited Partnership), Danyang Shengyu Gaoxin Equity Investment Partnership Enterprise (Limited Partnership), Shanghai Longqi Technology Co., Ltd., Qingdao Xinchuang Jinghe Venture Capital Partnership Enterprise (Limited Partnership), Anker Innovations Limited 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 their acquisition date.

The Company?s shareholders WI Harper Fund VII Hong Kong Limited, Zhuhai Hengqin Boruixin Investment Partnership Enterprise (Limited Partnership), Hangzhou Zichen Investment Partnership Enterprise (Limited Partnership), Jiangsu Jiequan Yuanhe Puhua Equity Investment Partnership Enterprise (Limited Partnership), Ordos Jinli Investment Co., Ltd., Tibet Bilin Medical Treatment Technology Industry Center (Limited Partnership), Hangzhou Zhonglu Fuyin Preferred Investment Partnership Enterprise (Limited Partnership), Guotong Huizhi Venture Capital (Beijing) Co., Ltd., Xiamen Guotong Lianzhi Venture Capital Partnership Enterprise (Limited Partnership), Beijing Junli United Venture Capital Partnership Enterprise (Limited Partnership), SME Development Fund (Jiangsu Nantong Limited Partnership), Shenzhen Gaojie Zhihui Equity Investment Fund Partnership Enterprise (Limited Partnership), Cheng Caisheng, Jiang Jianguo 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.