Certain A Shares of Maxvision Technology Corp. are subject to a Lock-Up Agreement Ending on 25-MAY-2023. These A Shares will be under lockup for 1100 days starting from 20-MAY-2020 to 25-MAY-2023.

Details:
The company's controlling shareholder, actual controller and the shareholders holding more than 5% of the shares of Shenzhen Yunzhihui Investment Partnership (Limited Partnership) and Shenzhen Smart People Investment Partnership (Limited Partnership) commit 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. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties.