Certain A Shares of Chengdu KSW Technologies Co.,Ltd. are subject to a Lock-Up Agreement Ending on 15-FEB-2024. These A Shares will be under lockup for 735 days starting from 10-FEB-2022 to 15-FEB-2024.

Details:
The company?s controlling shareholder, actual controller, chairman, general manager, and core technical personnel Zhang Jilin promised that, 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.

Huang Yonggang, the director and deputy general manager who holds the company?s shares, Mou Lan, the chief financial officer, and Zhao Yan, secretary of the board of directors, promised that, 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. 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.

The director, deputy general manager, and core technical staff Li Wenjun and director and core technical staff Wang Chuan who hold the company's shares promised that, 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. 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.

The supervisors Ye Yuntao and Liu Bo who hold the company's shares promised that, 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. 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.

The core technical personnel Wang Wei, Chen Kaiguo and Chen Shipu who hold the company's shares promised that, within 12 months from the date of the initial public offering (A shares) and listing on the Science and Technology Innovation Board, I will not transfer or entrust others the shares directly or indirectly held before the IPO nor will those shares be repurchased by the company.

All other shareholders of the company promised that, within 12 months from the date of the initial public offering (A shares) and listing on the Science and Technology Innovation Board, I will not transfer or entrust others the shares directly or indirectly held before the IPO nor will those shares be repurchased by the company.