Certain A Shares of Shanghai Longcheer Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 2-MAR-2025. These A Shares will be under lockup for 373 days starting from 23-FEB-2024 to 2-MAR-2025.

Details:
The company?s holding shareholder Kunshan Longqi Investment Management Center (Limited Partnership), actual controller-controlled Kunshan Longfei Investment Management Center (Limited Partnership), actual controller?s party acting in concert Kunshan Qiyun Investment Management Center (Limited Partnership) promised within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to 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 will automatically be extended for at least 6 months.

Actual controller and chairman Du Junhong, actual controller?s party acting in concert, company?s director, general manager Ge Zhengang promised within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to 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 will automatically be extended for at least 6 months.

After the expiration of the above lockup period, during the term of office, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company. If resigning for any reason, will not transfer nor entrust others to manage the shares in the company held within six months after resignation.

Shareholder Kunshan Yongcan Investment Management Center (Limited Partnership) promised within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares.

Shareholders Suzhou Industrial Park Shunwei Technology Venture Capital Partnership Enterprise (Limited Partnership)?Tianjin Jinmi Investment Partnership Enterprise (Limited Partnership) promised within 12 months after the listing date, will not transfer nor entrust to others for management shares in the company held prior to issuance, nor allow the company to repurchase the said shares.

Director and management personnel Guan Yadong, Wang Boliang promised within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to 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 will automatically be extended for at least 6 months.

After the expiration of the above lockup period, during the term of office, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company. If resigning for any reason, will not transfer nor entrust others to manage the shares in the company held within six months after resignation.

Management personnel Cheng Lihui, Zhang Zhijiong, Zhou Liangliang promised within 12 months after the listing date, will not transfer nor entrust to others for management shares in the company held prior to 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 will automatically be extended for at least 6 months.

After the expiration of the above lockup period, during the term of office, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company. If resigning for any reason, will not transfer nor entrust others to manage the shares in the company held within six months after resignation.

Director Liu De promised if holding company's shares as a shareholder during term of office, the number of company shares transferred each year will not exceed 25% of the total number of company shares held. If resigning for any reason, will not transfer nor entrust others to manage the shares of the company held within six months after resignation.

Supervisor Jia Yanling promised within 12 months after the listing date, will not transfer nor entrust to others for management shares in the company held prior to issuance, nor allow the company to repurchase the said shares.

After the expiration of the above lockup period, during the term of office, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company. If resigning for any reason, will not transfer nor entrust others to manage the shares in the company held within six months after resignation.