Certain A Shares of Darbond Technology Co., Ltd are subject to a Lock-Up Agreement Ending on 20-SEP-2023. These A Shares will be under lockup for 376 days starting from 9-SEP-2022 to 20-SEP-2023.

Details:
The company?s holding shareholder, actual controller Xie Haihua, Chen Tian?an, Wang Jianbin, Lin Guocheng, Chen Xin 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 at least 6 months. 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.

Director, supervisor, management personnel directly or indirectly owning shares in the company, including Xie Haihua, Chen Tian?an, Wang Jianbin, Lin Guocheng, Chen Xin, Yu Jie, Li Qing, Chen Li promised 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 at least 6 months. During the term of office in the company, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Core technical personnel directly or indirectly owning shares in the company, including Chen Tian?an, Wang Jianbin, Jiang Guilin, Jiang Yun, Pan Guangjun promised within 12 months after listing date and within 6 months after resignation, will not transfer shares in the company held prior to issuance. within 4 years after the expiration of the lockup period for the shares in the company held prior to issuance, the number of shares transferred each year shall not exceed 25% of the number of shares held in the company prior to issuance.

Yantai Kanghui Investment Center (Limited Partnership), Yantai Derui Investment Center (Limited Partnership) 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.

Newly added shareholders within the year Changjiang Chendao (Hubei) New Energy Industry Investment Partnership Enterprise (Limited Partnership), Pingtan Fengyuan Huixin Equity Investment Partnership Enterprise (Limited Partnership), Jiangsu Jiequan Yuanhe Puhua Equity Investment Partnership Enterprise (Limited Partnership), Jiangsu Jiequan Junhai Rongxin Investment Partnership Enterprise (Limited Partnership), Nantong Huahong Investment Co., Ltd. promised within 36 months after completion of the registration modification for obtaining shares in the company (March 29, 2021) and within 12 months after the listing date (whichever is later), will not transfer nor entrust to others for management shares in the company held prior to issuance, nor allow the company to repurchase the said shares.

Other shareholders China Integrated Circuit Industry Investment Fund Co., Ltd., Xinyu Taizhong Investment Management Center (Limited Partnership), Suzhou Sanxing Zhiqi Equity Investment Partnership Enterprise (Limited Partnership), Zhangjiagang Hangri Chemical Technology Enterprise (Limited Partnership), Yantai Yikehui Kairen Investment Center (Limited Partnership), Yantai Dazhuang Information Consulting Partnership Enterprise (Limited Partnership), Chen Lin 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.