Certain A Shares of Shanghai Smart Control Co., Ltd. are subject to a Lock-Up Agreement Ending on 28-FEB-2024. These A Shares will be under lockup for 735 days starting from 23-FEB-2022 to 28-FEB-2024.

Details:
The Company?s holding shareholders and actual controllers Zhang Huahong, Ceng Hongying, and Ceng Hui, relative Sun Yujie, and shareholder Shanghai Yuehao Enterprise Management Partnership Enterprise (Limited Partnership) committed that to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months. After the lock-up has expired, while holding office, Zhang Huahong, Ceng Hongying, and Ceng Hui committed to not transfer more than 25% of shares held each year.

The Company?s director Liu Chunsong committed that to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months. After the lock-up has expired, while holding office, Liu Chunsong committed to not transfer more than 25% of shares held each year.

The Company?s shareholder Shanghai Hantai Venture Capital Partnership Enterprise (Limited Partnership), Sany Group Co., Ltd., Qingdao Yangguang Dadi Investment Management Co., Ltd., Shi Jianxiang, Zhenjiang Huixin Phase 3 Equity Investment Partnership Enterprise (Limited Partnership) committed that to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date.