Certain A Shares of Hydsoft Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 13-OCT-2023. These A Shares will be under lockup for 366 days starting from 12-OCT-2022 to 13-OCT-2023.

Details:
Controlling shareholder Beijing Shenhui Holdings Co., Ltd. and Persons acting in concert with controlling shareholder, Beijing Huibo Chuangzhan Investment Management Center (Limited Partnership) committed that within 36 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months.

Actual controller: Yu Hao committed that within 36 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months. During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Directors indirectly holding shares of the company: Zhang Yanpeng, Liu Bin, Sun Yuwen, Xie Haiwen and Former Director Liu Shaowei and Senior Management indirectly holding shares of the company: Xiao Yuntao, He Zhaoxiang, Shi Wei, Liu Fang committed that within 12 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months. During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company. From 12 full months of this offering and listing to the date of full 36 months (excluding that day), the transferred partner shares held every 12 months may not exceed 25% of the total partner shares held.

Shareholder of Beijing Huitong Yingcai Enterprise Management Center (Limited Partnership) indirectly holding shares of the company: Hu Gangying, newly added shareholders of over 5% and their persons acting in concert: Hangzhou Qianyou Equity Investment Partnership Enterprise (Limited Partnership), Suzhou Youcai Huiying Investment Center (Limited Partnership), Yuanhui (Shenzhen) Digital Technology Partnership Enterprise (Limited Partnership), Beijing Youcai Investment Management Co., Ltd. and Newly added shareholders of below 5%: Jiaxing Ruihui Equity Investment Partnership Enterprise (Limited Partnership), Shanghai Weisen Investment Management Co., Ltd. committed that within 12 months after the listing date or within 36 months from the business change registration date of the stocks of the issuer obtained (whichever is later), shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.

Apart from newly added shareholders, other shareholders of over 5% and their persons acting in concert: Beijing Heyitongda Investment Management Center (Limited Partnership), Guizhou Yunli High-tech Industry Investment Partnership Enterprise (Limited Partnership), Suzhou Yipeng Youcai Investment Center (Limited Partnership) and Apart from newly added shareholders, other shareholders of below 5%: Beijing Huitong Yingcai Enterprise Management Center (Limited Partnership), Beijing Hengrui Huibo Investment Management Center (Limited Partnership), Beijing Huizhicai Enterprise Management Center (Limited Partnership), Kunshan Huitongda Enterprise Management Center (Limited Partnership) committed that within 12 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.