Certain A Shares of Novoray Corporation are subject to a Lock-Up Agreement Ending on 16-NOV-2022. These A Shares will be under lockup for 1106 days starting from 6-NOV-2019 to 16-NOV-2022.

Details:
The company's holding shareholder and actual controller Li Xiaodong and Jiangsu Donghai Silicon Micro Powder Factory promised 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 this issuance, nor allow the company to repurchase the said shares. If the closing price of the company's share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company's share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months.

Shengyi Technology Co., Ltd. the company's supervisors Jiang Bing, Zhu Gang, Gao Juan, Fan Li, Wang Weiqiao, Zhu Xiaotong and the other 30 parties who participated in the company's 2016 stock issuance, Li Xiangdong's and Li Changzhi's relatives Li Dongqin, Wang Yueying, Yan Liangm Liu Chunyu?Jiangsu Lianyungang International Logistics Park Investment Co., Ltd.?Liangyungang Industrial Investment Group Industrial Investment Co., Ltd., Zhanjiang Zhongguang Venture Capital Co., Ltd. who participated in the company's 2018 issuance, Company's core technical personnel Li Xiaodong, Cao Jiakai, Jiang Bing, Zhang Jianping and Other shareholders who obtained shares through the secondary market promised within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.

Company's director, management personnel Cao Jiakai, Wang Songzhou, Bai Lin promised within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company's share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company's share is lower than the issue price for the period ending six months after listing, then the lockup period will automatically be extended for 6 months.