Certain A Shares of Shenzhen Newway Photomask Making Co., Ltd are subject to a Lock-Up Agreement Ending on 13-AUG-2023. These A Shares will be under lockup for 366 days starting from 12-AUG-2022 to 13-AUG-2023.

Details:
Du Wubing, the controlling shareholder and actual controller of the company; Xiao Qing, a director and senior manager who directly and indirectly holds shares of the company through Liu Peng, a director and senior manager who indirectly holds shares in the company; Liu Peng, a director and senior manager who indirectly holds shares in the company; Lin Wei, a senior manager and core technician who indirectly holds shares of the company made the following promises:
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 them will not exceed 25% of the holding.

The company's employee shareholding platform Lu Weixing Investment Co., Ltd. has made the following commitments (1) Within 36 months from the date of listing of the issuer?s stocks, not to transfer or entrust others to manage the issuer?s pre-IPO shares.
Supervisors Li Ruoying, Li Xiaofen, and Xu Rongjie; The core technical personnel Si Jiwei and Lü Zhenqun, made the following commitments:

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.

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 them will not exceed 25% of the holding.

All the other shareholders 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.