Certain A Shares of AVIC (Chengdu) UAS Co., Ltd. are subject to a Lock-Up Agreement Ending on 22-JUN-2023. These A Shares will be under lockup for 366 days starting from 21-JUN-2022 to 22-JUN-2023.

Details:
Chengdu Industry Investment Group Co., Ltd. promised that 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.

Chengdu Jianguo Automobile Trading Co., Ltd. promised that Within 12 months after the listing date and within 36 months after obtaining shares in the company, 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.

Chengdu Yitongren Enterprise Management Partnership Enterprise (Limited Partnership) Chengdu Taicui Enterprise Management Partnership Enterprise (Limited Partnership) promised that 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.

National XXXX Industrial Investment Fund Co., Ltd. promised that Within 12 months after the listing date and within 36 months after obtaining shares in the company, 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.

Sichuan Tianfu Hongwei XXXX Industrial Development Equity Investment Fund Partnership Enterprise (Limited Partnership) promised that Within 12 months after the listing date and within 36 months after obtaining shares in the company, 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.

The company’s holding shareholder AVIC Chengdu Aircraft Industrial (Group) Co., Ltd., and China National Aero-Technology Import & Export Corporation, China Aviation Industry Corporation Chengdu Aircraft Design Institute, enterprises controlled by the company’s actual controller Aviation Industry Corporation of China, Ltd. promised that 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.

The company’s actual controller Aviation Industry Corporation of China, Ltd. promised that Within 36 months after the listing date and within 36 months after obtaining shares in the company, 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.

Beijing AVIC Phase I Aviation Industry Industrial Investment Fund (Limited Partnership), an entity controlled by actual controller Aviation Industry Corporation of China, Ltd. promised that Within 36 months after the listing date and within 36 months after obtaining shares in the company, 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.

AVIC Securities Technology Innovation Investment Co., Ltd., an entity controlled by actual controller Aviation Industry Corporation of China, Ltd. promised that Within 36 months from the period of obtaining shares in the company to the listing date,, will not transfer direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares.

The company’s director Zeng Qiang, management personnel Li Yongguang, Liu Haitao, Xu Junfang, Wang Hongyu promised that Within 60 months from the actual payment to Chengdu Yitongren Enterprise Management Partnership Enterprise (Limited Partnership) Chengdu Taicui Enterprise Management Partnership Enterprise (Limited Partnership) and within 36 months after the listing date, will not transfer nor entrust to others for management shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. during the term of office in the company as director, management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

The company’s management personnel, core technical personnel Li Yidong, Liu Hong promised that Within 60 months from the actual payment to Chengdu Yitongren Enterprise Management Partnership Enterprise (Limited Partnership) and within 36 months after the listing date and within 6 months after resignation, will not transfer nor entrust to others for management shares in the company held prior to this 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. During the term of office in the company as management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

The core technical personnel Cui Jiduo, Wang Yuexing, Zheng Yongfeng, Ding Jian, Miao Weixing promised that Within 60 months from the actual payment to Chengdu Yitongren Enterprise Management Partnership Enterprise (Limited Partnership) Chengdu Taicui Enterprise Management Partnership Enterprise (Limited Partnership) and within 12 months after the listing date and within 6 months after resignation, will not transfer nor entrust to others for management shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. Within 4 years after the expiration of the above lockup period, the number of shares transferred each year shall not exceed 25% of the total shares held in the company prior to issuance.