Certain A Shares of Shenzhen iN-Cube Automation Co., Ltd. are subject to a Lock-Up Agreement Ending on 11-JUL-2023. These A Shares will be under lockup for 371 days starting from 5-JUL-2022 to 11-JUL-2023.

Details:
The issuer’s controlling shareholder and actual controller Qiu Peng, Guan Wei, and Huang Jianfeng; Liao Xinjiang, Secretary of the Issuer's Board of Directors and Chief Financial Officer respectively promised that within 36 months after the listing date 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), 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.

Director Li Zhuoying promised that within 12 months after the listing date 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), 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.

Xiao Gang, Lu Chaohao, Zhang Zhenghui as the company’s supervisors promised that within 36 months after the listing date 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 issuer’s newly-added natural person shareholders, Yan Xiaohan, Chen Zhiping, Chen Zhengxu, Chen Xiaohui, and Peng Zhibin, promised the following regarding the lock-up of shares:
Within 36 months from the date registered as an issuer’s shareholder, i.e. July 16, 2020, and within 12 months from the date when the issuer’s shares were listed on the stock exchange, not to transfer or entrust others to manage the issue held by the unit The issuer shall not repurchase the shares issued by the issuer before the public issuance of shares held by the unit for the shares issued before the public issuance of shares.

The issuer’s new shareholder Minsheng Securities Investment Co., Ltd. promises that within 36 months from the date when registered as a shareholder of the issuer , i.e. July 15, 2020 , and within 12 months from the date when the issuer’s shares were listed on the stock exchange, not to transfer or entrust others to manage the issue held by the unit The issuer shall not repurchase the shares issued by the issuer before the public issuance of shares held by the unit for the shares issued before the public issuance of shares.

The company’s Employee stock ownership platform Shenzhen Qunzhi Fangli Technology Partnership (Limited Partnership) Commits 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.