Certain A Shares of Hangzhou Huasu Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 9-MAR-2024. These A Shares will be under lockup for 374 days starting from 1-MAR-2023 to 9-MAR-2024.

Details:
The company?s actual controllers Yang Dongqiang and Li Mingxing; shareholder Yang Dianxuan, company?s controlling share Hangzhou Piqiula Holdings Co., Ltd.; Ningbo Meishan Free Trade Port Zone Dunheng Enterprise Management Partnership (Limited Partnership) 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.

Company shareholder Haifu Changjiang Growth Equity Investment (Hubei) Partnership (Limited Partnership) and China-Belgium Direct Equity Investment Fund L.P. promised within 36 months from the date of industrial and commercial change registration of Issuer?s shares they held and 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 company?s directors, supervisors, Shareholder Chen Xi and senior managers 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. 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.