Certain A Shares of ArcSoft Corporation Limited are subject to a Lock-Up Agreement Ending on 15-JUL-2023. These A Shares will be under lockup for 1461 days starting from 15-JUL-2019 to 15-JUL-2023.

Details:
The actual controller Hui Deng (Deng Hui), Liuhong Yang, indirect shareholders, directors, senior management and core technical personnel, controlling shareholder and its concerted action (HomeRun Capital Management Limited, HKR Global Limited) have promised that within 36 months since the date of listing of the present shares, there will not be any transfer 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 months 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.

Shareholders holding more than 5% of shares (Beijing Huatai New Industry Growth Investment Fund (Limited Partnership), Top New Development Limited and Hangzhou Hongli Investment Management Partnership (Limited Partnership)), other investor shareholders holding less than 5% of the shares promised, director, senior management personnel, core technical personnel (Wang Jin, Xu Jian), director (Kong Xiaoming) and Supervisors (Wen Yan, Yu Yifeng, Fan Tianrong) have committed that within 12 months since the date of listing of the present shares, there will not be any 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 months 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.