Certain A Shares of Piotech Inc. are subject to a Lock-Up Agreement Ending on 20-APR-2024. These A Shares will be under lockup for 737 days starting from 14-APR-2022 to 20-APR-2024.

Details:
As of the signing date of the prospectus, according to the National Integrated Circuit Fund, SDIC Shanghai, Jiang Qian and their concerted actors (including Lu Guangquan, Liu Yijun, Ling Fuhua, Wu Biao, Zhou Ren, Zhang Xianzhi, Zhang Xiaoyong, Gongqingcheng Xinxinhe Investment Partnership (Limited Partnership), Gongqingcheng Xinxin Investment Partnership (Limited Partnership), Gongqingcheng Xinxinlong Investment Partnership (Limited Partnership), Gongqingcheng Xinxincheng Investment Partnership Enterprise (Limited Partnership), Gongqingcheng Xinxinwang Investment Partnership (Limited Partnership), Gongqingcheng Xinxinsheng Investment Partnership (Limited Partnership), Gongqingcheng Xinxinyang Investment Partnership (Limited Partnership), Shenyang Sheng Teng Investment Management Center (Limited Partnership), Shenyang Shengwang Investment Management Center (Limited Partnership), Shenyang Shengquan Investment Management Center (Limited Partnership), Shenyang Shenglong Investment Management Center (Limited Partnership)) and other shareholders issued the "Commitment on Share Locking and Holding Reduction Matters" Letter" and current applicable regulatory rules, the issuer?s shares held by the aforementioned shareholders are locked up for 36 months from the date of listing.
Jiang Qian as the issuer?s shareholder, director, and core technical personnel, Lü Guangquan and Zhang Xiaoyong as the issuer?s shareholders, Jiang Qian?s concerted actors, directors or senior management personnel, and core technical personnel, the three locked in the issuer?s shares held by each The matter issued the "Letter of Commitment on the Lock-up of the Shares of Piotech Inc..", the main contents are as follows: the issuer?s shares held by the aforementioned shareholders are locked up for 36 months from the date of listing.

Liu Yijun, Ling Fuhua, Wu Biao, Zhou Ren, and Zhang Xianzhi, acting in concert with the issuer?s shareholders and Jiang Qian, issued the "Letter of Commitment on the Lock-up of the Shares of Piotech Inc.." in relation to the lock-up of the issuer?s shares held by each of them. ",The main contents are as follows: the issuer?s shares held by the aforementioned shareholders are locked up for 36 months from the date of listing.

China Micro Semiconductor Equipment (Shanghai) Co., Ltd., Jiaxing Junli Investment Partnership (Limited Partnership), Qingdao Runyang Jiahe Investment Partnership (Limited Partnership), Chinese Academy of Sciences Shenyang Scientific Instrument Co., Ltd., Shenyang Information Industry Venture Capital Co., Ltd. Company, Suzhou Juyuan Oriental Investment Fund Center (Limited Partnership), CRRC Guohua (Qingdao) Equity Investment Partnership (Limited Partnership), Suqian Hunpuhunjin No. 2 Investment Center (Limited Partnership), Yancheng Economic and Technological Development Zone Yancheng Wu Semiconductor Industry Fund (Limited Partnership), Shenyang Technology Venture Capital Co., Ltd., and Gongqingcheng Shengxia Equity Investment Management Partnership (Limited Partnership), as the issuer?s shareholders, issued the Commitment Letter of Piotech Inc. d. on Locking the Shares", the main content is as follows:the issuer?s shares held by the aforementioned shareholders are locked up for 12 months from the date of listing.

Directors or senior managers and core technical personnel who directly hold shares Jiang Qian, Lü Guangquan, Zhang Xiaoyong 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. 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. Gongqingcheng Xinxinhe Investment Partnership (Limited Partnership), Gongqingcheng Xinxin Investment Partnership (Limited Partnership), Gongqingcheng Xinxinlong Investment Partnership (Limited Partnership), Gongqingcheng Xinxincheng Investment Partnership Enterprise (Limited Partnership), Gongqingcheng Xinxinwang Investment Partnership (Limited Partnership), Gongqingcheng Xinxinsheng Investment Partnership (Limited Partnership), Gongqingcheng Xinxinyang Investment Partnership (Limited Partnership), Shenyang Sheng Teng Investment Management Center (Limited Partnership), Shenyang Shengwang Investment Management Center (Limited Partnership), Shenyang Shengquan Investment Management Center (Limited Partnership), Shenyang Shenglong Investment Management Center (Limited Partnership)) and other shareholders issued the "Commitment on Share Locking and Holding Reduction Matters" Letter" and current applicable regulatory rules, the issuer?s shares held by the aforementioned shareholders are locked up for 36 months from the date of listing.

All other shareholders promised 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.

The sponsor will arrange for the subsidiary China Merchants Securities Investment Co., Ltd. to participate in the strategic placement of this issuance. The initial follow-up investment ratio is 5% of the shares in this public offering, that is, 1,580,990 shares. The specific proportion and amount will be determined on T-2. The issue price Confirm later. The lock-up period for the shares allocated by China Merchants Securities Investment Co., Ltd. is 24 months, and the lock-up period starts from the date when the publicly issued shares are listed on the Shanghai Stock Exchange.