Certain A Shares of Guangzhou Haoyang Electronic Co.,Ltd. are subject to a Lock-Up Agreement Ending on 27-MAR-2022. These A Shares will be under lockup for 677 days starting from 19-MAY-2020 to 27-MAR-2022. Details: Jiang Weikai, the controlling shareholder and actual controller of the company, and the actual controller Jiang Weiquan and Jiang Weihong and Lin Su as the persons acting in concert of Jiang Weikai and Jiang Weiquan hereby promises that within 36 months since the date of listing of the present shares, there will not be 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. If the parties intend to reduce the shareholding within 2 years after the expiration of the lock-up period, the shareholding price shall not be lower than the issue price. The company’s shareholder Guangzhou Huying Investment Partnership (Limited Partnership) (Huying Investment) hereby promises that within 5 years from the date of completion of the industrial and commercial change registration of the company's capital increase to the issuer (March 27, 2017), the party shall not transfer or entrust others to manage the shares directly or indirectly, nor to any third party repurchase the shares. And within 36 months from the date of listing of the company's shares, the company does not transfer or entrust others to manage the shares held by the issuer that the company has directly or indirectly held before the public issuance of the shares, nor the company repurchased the shares. The company's directors and senior executives who indirectly hold the company's shares, Xu Kaiqi, Lao Jiewei, Xiao Cuijuan, Xie Chengzhi, Huang Qiancheng, and the company supervisors Chen Jiayi, Chen Huae and Li Bin who indirectly hold company shares hereby promises that as holding a capital contribution of Huying Investment, within 5 years from the date of completion of the industrial and commercial change registration of the company's capital increase to the issuer (March 27, 2017) and 36 months since the date of listing of the present shares, the parties shall not transfer or entrust others to manage the shares directly or indirectly, nor to the issuer repurchase the shares. 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. 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. If the parties intend to reduce the shareholding within 2 years after the expiration of the lock-up period, the shareholding price shall not be lower than the issue price. After the expiry of the lock-up period, the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties.