Certain A Shares of Beijing New Space Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 21-AUG-2023. These A Shares will be under lockup for 1100 days starting from 16-AUG-2020 to 21-AUG-2023.

Details:
Gong Dianhai, the controlling shareholder and actual controller of the company committed within 36 months since the date of listing of the present shares, there will not be 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. After 6 months from demission, there will not be more transfers of shares, either direct or indirect.

Yang Yaohua and Yuan Xiaodong, shareholders holding more than 5% of the shares, China-Belgium Direct Equity Investment Fund, Corporate shareholder holding more than 5% of the shares, Other shareholders who are directors, supervisors and senior management of the company Yan Shi, Liu Jixun, Chi Longwei, Wang Zhigang, Tang Zheng, Jiang Huapeng, Xing Xiangfeng, Wang Yue, Issuer's other shareholders Shanghai Huizhi Venture Investment Management Partnership (Limited Partnership) commit Within 12 months since the date of listing of the present shares, there will not be 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. After 6 months from demission, there will not be more transfers of shares, either direct or indirect.

Issuer's other shareholders Guangdong Wens Investment Co., Ltd. , Hengqin Wens Jingcheng No.1 Equity Investment Fund Partnership (Limited Partnership) and Hengqin Qichuang Shared Equity Investment Fund Partnership (Limited Partnership) commit Within 36 months the business registration change date from the completion of the company capital increase to CNY 5,316,700 (January 23, 2019), there will not be transfers nor entrustment of shares to any third party nor repurchase by the Company, within 12 months since the date of listing of the present shares, there will not be transfers nor entrustment of shares to any third party nor repurchase by the Company.