Certain A Shares of Hicon Network Technology (Shandong) Co.,Ltd. are subject to a Lock-Up Agreement Ending on 20-JUN-2024. These A Shares will be under lockup for 373 days starting from 13-JUN-2023 to 20-JUN-2024.

Details:
Controlling shareholder Shandong Guangdian Media Group Co., Ltd., Actual controller Shandong Radio and Television commits to 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.

Shareholders Ningbo Meishan Free Trade Port Zone Pu Huahui New Equity Investment Partnership (Limited Partnership), Anhui Zhongcai Financial Holdings New Media Industry Fund (Limited Partnership) and Jinan Broadcasting and Television Fanqiao Phase I Equity Investment Fund Partnership (Limited Partnership) commit to Within 12 months from the date of listing of the issuer?s shares, the company shall not transfer or entrust others to manage the company?s directly or indirectly held shares issued before the issuer?s initial public offering, nor shall the issuer repurchase part of the shares.