Certain A Shares of Sansec Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 2-DEC-2023. These A Shares will be under lockup for 368 days starting from 29-NOV-2022 to 2-DEC-2023.

Details:
Zhang Yuegong, the controlling shareholder, actual controller, chairman, general manager, and core technical personnel of the company promised as follows:
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), 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 shareholders holding more than 5% of the shares of Jinan Fengqiyunyong Enterprise Management Consulting Partnership (Limited Partnership), Tianjin Sanwei Puhui Enterprise Management Consulting Partnership (Limited Partnership) and Beijing Sanwei Puyi Investment Partnership (Limited Partnership) promised:
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.

Beijing Reiter Hi-Tech Venture Capital Center (Limited Partnership), a shareholder of the company holding more than 5% of the shares, promises as follows:
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.

China Internet Investment Fund (Limited Partnership) promised:
If the company's initial public offering and listing application are completed within 12 months from the date of completing the industrial and commercial registration procedures for the equity transfer and capital increase, within 36 months from the date obtains the company's shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company.
If the company's initial public offering and listing application is later than 12 months from the date of completing the industrial and commercial registration procedures for the equity transfer and capital increase, 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.


Luo Wuxian, the company's shareholder holding more than 5% of the shares, promises as follows:
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.

Xu Xinfeng, a shareholder holding more than 5% of the company's shares, and company supervisor, promises as follows:
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), 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.

Company shareholders SME Development Fund (Shenzhen Nanshan Limited Partnership), Beijing Yunding Honghe Investment Partnership (Limited Partnership) and Liu Ming promised as follows:
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.

Gao Zhiquan, an indirect shareholder, director, deputy general manager and core technician of the company; Fan Xijun, indirect shareholder and director of the company promised:
The shares he obtained through Tianjin Sanwei Puhui Enterprise Management Consulting Partnership (Limited Partnership) will follow the same lock-up commitment; additional, 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.

The company's indirect shareholder, director and deputy general manager Zhang Yuhong promises:
The shares he obtained through Beijing Sanwei Puyi Investment Partnership (Limited Partnership) will follow the same lock-up commitment; additional, 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.

Fan Shengwen and Bai Lantao, indirect shareholders and deputy general managers of the company, promise:
The shares he obtained through Jinan Fengqiyunyong Enterprise Management Consulting Partnership (Limited Partnership) will follow the same lock-up commitment; additional, 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.

The company's core technical personnel Liu Huiyi and Yang Guoqiang promised:
The shares he obtained through Beijing Sanwei Puyi Investment Partnership (Limited Partnership) will follow the same lock-up commitment; additional, 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.