Certain A Shares of Qi An Xin Technology Group Inc. are subject to a Lock-Up Agreement Ending on 22-JUL-2023. These A Shares will be under lockup for 1097 days starting from 20-JUL-2020 to 22-JUL-2023.

Details:
The Company?s holding shareholder and actual controller Qi Xiangdong and its controlled companies Ningbo Meishan Bonded Port Area Anyuan Chuangzhi Equity Investment Partnership Enterprise (Limited Partnership) and Tianjin Qi?an No. 3 Technology Partnership Enterprise (Limited Partnership) committed that they will 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 directors and senior management committed that they will 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.

The Company?s other 5%+ shareholders, supervisors, and core technical staff committed that they will 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.