Certain A Shares of Singatron Electronic (China) Co., Ltd. are subject to a Lock-Up Agreement Ending on 17-JUL-2024. These A Shares will be under lockup for 379 days starting from 4-JUL-2023 to 17-JUL-2024.

Details:
The company?s holding shareholder Singatron (Hong Kong) International Holding Limited, SINGATRON (BVI) ENTERPRISE CO., LTD. and Singatron Enterprise Co., Ltd. promised within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, 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 for 6 months.

Shareholder Fulakai Consulting (Shanghai) Co., Ltd. promised within 36 months after the completion of the registration modification for the capital increase (September 28, 2020), will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares.

Other shareholders BESTDC INVESTMENT HOLDING (HK) CO., LIMITED, PITAYA LIMITED, WINTIME INVESTMENT HOLDING (HK) CO., LIMITED, Suzhou Qiaoman Enterprise Management Consulting Co., Ltd., HSINCITY INVESTMENT HOLDING (HK) CO., LIMITED, Suzhou Zhouquan Enterprise Management Consulting Co., Ltd., Suzhou Xuding Enterprise Management Consulting Co., Ltd., Suzhou Yuhai Enterprise Management Consulting Co., Ltd. and Suzhou Guangzhong Enterprise Management Consulting Co., Ltd. promised within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares.