Certain A Shares of Beijing Balance Medical Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 9-DEC-2025. These A Shares will be under lockup for 2198 days starting from 3-DEC-2019 to 9-DEC-2025.

Details:
The company's controlling shareholders, Jin Lei and Li Fengling, Shareholder Baiao Furen Investments Co., Ltd., Baiao Enterprise Management Co., Ltd and Jin Sen committed that within 36 months since the date of listing of the present shares, there will be no transfers nor entrustment of shares to any third party nor repurchase by the Company. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties. In the event of a resignation before the expiry of the term of office, the above-mentioned undertaking will continue to be maintained for six months

Jin Lei, Li Liyan, Cheng Qi, Wang Donghui, Zhang Yanfang and Mu Hong, respectively, who are directors, supervisors and senior managers of the company, commit not to 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. 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. If there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties. In the event of a resignation before the expiry of the term of office, the above-mentioned undertaking will continue to be maintained for six months.