Certain A Shares of Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd are subject to a Lock-Up Agreement Ending on 5-AUG-2023. These A Shares will be under lockup for 733 days starting from 2-AUG-2021 to 5-AUG-2023.

Details:
The company?s holding shareholder, actual controller Dong Xiaojun promised within within 36 months from the listing date of the company?s shares, this person will not transfer nor entrust to a third party shares directly or indirectly held in the company prior to listing, 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 by 6 months. After the expiry of the lock-up period (including the extended lock-up period), the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect. The company?s shareholder Shenzhen Ruihan Equity Investment Enterprise (Limited Partnership) promised within 36 months from the listing date of the company?s shares, will not transfer nor entrust to a third party shares directly or indirectly held in the company prior to listing, 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 by 6 months.

Directors who hold shares in the company, including Zhou Guoxiong, Jiang Peilai, Huang Qing?e, promised within within 12 months from the listing date of the company?s shares, this person will not transfer nor entrust to a third party shares directly held in the company prior to listing. Within 36 months from the listing date of the company?s shares, this person will not transfer nor entrust to a third party shares indirectly held in the company, through Shenzhen Ruihan Equity Investment Enterprise (Limited Partnership), prior to listing, 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 by 6 months. After the expiry of the lock-up period (including the extended lock-up period), the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect. Supervisor who holds shares in the company, namely Jiang Dongcheng, promised within 12 months from the listing date of the company?s shares, this person will not transfer nor entrust to a third party shares directly held in the company prior to listing. Within 36 months from the listing date of the company?s shares, this person will not transfer nor entrust to a third party shares indirectly held in the company, through Shenzhen Ruihan Equity Investment Enterprise (Limited Partnership), prior to listing, nor allow the company to repurchase the said shares. After the expiry of the lock-up period (including the extended lock-up period), the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect. Management personnel who hold shares in the company, namely Kong Hebing, promised within 12 months from the listing date of the company?s shares, this person will not transfer nor entrust to a third party shares directly or indirectly held in the company prior to listing, 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 by 6 months. After the expiry of the lock-up period (including the extended lock-up period), the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect. The company?s shareholder Shenzhen Dachen Chuangtong Equity Investment Enterprise (Limited Partnership) promised within 12 months from the listing date of the company?s shares, will not transfer nor entrust to a third party shares directly or indirectly held in the company prior to listing, nor allow the company to repurchase the said shares. The company?s other shareholders promised within 12 months from the listing date of the company?s shares, will not transfer nor entrust to a third-party shares held in the company prior to listing, nor allow the company to repurchase the said shares.