Certain A Shares of Hangzhou Honghua Digital Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 8-JUL-2022. These A Shares will be under lockup for 368 days starting from 5-JUL-2021 to 8-JUL-2022.

Details:
The company's actual controller Jin Xiaotuan and his controlled companies that are shareholders Ningbo Weixin Business Management Partnership Enterprise (Limited Partnership), Hangzhou Baoxin Digital Technology Co., Ltd., and Shanghai Chibo Electronics Technology Co., Ltd. committed to not transfer or entrust to a third party the Company's shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.

The company's shareholder Harvest Grand Development Limited committed to not transfer or entrust to a third party the Company's shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date.

The company's directors and senior management Zheng Jing, Hu Xiaolie, He Zengliang, and Li Zhijuan committed to not transfer or entrust to a third party the Company's shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.

The company's shareholders Zhejiang Xinhu Zhinao Investment Management Partnership Enterprise (Limited Partnership), Hangzhou Lehu Investment Partnership Enterprise (Limited Partnership), Zhoushan Tonghua Investment Partnership Enterprise (Limited Partnership), Ningbo Chuanyue Business Management Partnership Enterprise (Limited Partnership), Taizhou Ruiyang Litai Jinghua Technology Co., Ltd., and Hangzhou Rongli Investment Management Co., Ltd., core technical employees Ge Chenwen, Lin Hong, Gu Rongqing, Dan Qingchuan, Xu Liming, and Huang Guangwei committed: to not transfer or entrust to a third party the Company's shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date.