Certain A Shares of Risuntek Inc. are subject to a Lock-Up Agreement Ending on 17-APR-2024. These A Shares will be under lockup for 1468 days starting from 10-APR-2020 to 17-APR-2024.

Details:
The company's controlling shareholder Guangdong Jianyi Investment Co., Ltd. commits that within 36 months since the date of listing of the present shares, there will not be no 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 there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests. After the expiry of the lock-up period (including the extended 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. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect. If any of the parties were to resign within 6 months from the present IPO, neither direct nor indirect holdings might be transferred or sold for 18 months since the date of rescinding. If the parties resign within 7 to 12 months after the IPO, neither direct nor indirect holdings might be transferred or sold for 12 months since the date of rescinding.

Actual controllers Shen Qingkai and Guo Liqin commit that within 36 months since the date of listing of the present shares, there will not be no 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 there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests. After the expiry of the lock-up period (including the extended 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. After 6 months from rescindment, there will not be more transfers of shares, either direct or indirect. If any of the parties were to resign within 6 months from the present IPO, neither direct nor indirect holdings might be transferred or sold for 18 months since the date of rescinding. If the parties resign within 7 to 12 months after the IPO, neither direct nor indirect holdings might be transferred or sold for 12 months since the date of rescinding
Zhuhai Jianyang Investment Partnership (Limited Partnership), shareholder of the company, commits that within 12 months since the date of listing of the present shares, there will not be no 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 there is any case of dividends, bonus shares, capitalization of capital reserve and other similar cases, issue price will be adjusted according to ex-dividend and ex-interests.

Directors, supervisors and managing personnel of the company, with the exception of Shen Qingkai and Guo Liqin as well as independent directors, commit that they will transfer not more than 25% of the total number of shares of the company directly or indirectly held by them during the period of being a director, supervisor or senior executive of the company; within half a year after leaving the company, they will not transfer the shares of the company directly or indirectly held by them. Within 12 months after the first half of the year, the number of shares of the company sold through the stock exchange listed on the stock exchange shall not exceed 50% of the total number of shares of the company directly or indirectly held by the company. If the closing price of the company's stock for 20 consecutive trading days is lower than the issue price within 6 months after the company's market, or the closing price of the 6-month period after the listing is lower than the issue price, they will directly or indirectly hold the lock of the company's stock. The time limit is automatically extended for 6 months. In case of the ex-dividend ex-dividend, the above-mentioned reduction price and the number of shares reduced will be adjusted accordingly. The above-mentioned reduction of the price and the commitment to lock the shares shall not be terminated due to reasons such as changes in their duties and resignation.