Certain A Shares of Hwaway Technology Corporation Limited are subject to a Lock-Up Agreement Ending on 16-MAY-2024. These A Shares will be under lockup for 374 days starting from 8-MAY-2023 to 16-MAY-2024.

Details:
The issuer's actual controller Jin Lei and his close relatives Jin Jin and Huo Xinchao promised about lock up that within 36 months from the date of listing of the company's shares, they will not transfer or entrust others to manage the initial public offering of the company directly or indirectly held by the promiser The shares that have been issued before the stock are not repurchased by the company. The company's shares held by the committer shall be reduced within two years after the expiration of the lock-up period, and the reduction price shall not be lower than the issue price of the company's initial public offering.

The issuer's shareholders, Zhejiang Huawei Holding Co., Ltd., Zhuji Zhenzhen Investment Management Center (Limited Partnership), and Zhejiang Jinsheng Enterprise Management Co., Ltd., promised about lock up that within 36 months from the date of listing of the company's shares, they will not transfer or entrust others to manage the company's IPO shares directly or indirectly held by the promiser. The issued shares are not repurchased by the company.

Zhejiang Zhuji Wanze Equity Investment Fund Partnership (Limited Partnership), a shareholder holding more than 5% of the shares, promised about lock up that within 12 months from the date of listing of the company's shares, it will not transfer or entrust others to manage the shares that have been issued before the company's initial public offering held directly or indirectly by the promiser, and also This part of the shares is not repurchased by the company.

Fang Zhou, Huang Bin, Tong Xiudi and Zhao Lixia, other directors, supervisors and senior managers who hold the issuer's shares, undertaken that within 36 months from the date of listing of the company's shares, they will not transfer or entrust others to manage the shares directly or indirectly. Some companies do not repurchase the shares that have been issued before the initial public offering.