Certain A Shares of United Nova Technology Co.,Ltd. are subject to a Lock-Up Agreement Ending on 10-MAY-2024. These A Shares will be under lockup for 372 days starting from 4-MAY-2023 to 10-MAY-2024.

Details:
The Company?s shareholder Shaoxing Yuecheng District Integrated Circuit Industry Fund Partnership Enterprise (Limited Partnership) 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. Within 2 years after the lock-up has expired, they committed to not transfer more than 2% stake each year.

The Company?s shareholder Zhongxin International Holding 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 directors, supervisors, and senior management 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. Within 2 years after the lock-up has expired, they committed to not transfer more than 2% stake each year.

The Company?s other shareholders 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.