Certain A Shares of Shenzhen Transsion Holdings Co., Ltd. are subject to a Lock-Up Agreement Ending on 30-SEP-2023. These A Shares will be under lockup for 1468 days starting from 23-SEP-2019 to 30-SEP-2023.

Details:
Controlling shareholder and actual controller, Transsion Investments Co., Ltd have committed not to transfer or entrust to a third party the company?s shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 36 months from the company?s share listing date. If within 6 months after the 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. 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.

Shareholders Yuanke Fund, Chuanli Investment, Heritage Venture Capital, Entrepreneurship Venture Capital, Transsion Venture Co., Ltd., TETRAD Co., Ltd, GAMNAT Co., Ltd, Ruiqi Hesheng Co., Ltd, Hong Kong Netease Entertainment Co., Ltd, Zhuzhou Zhanfei Investments, Maixing Zhiyuan Investments Co., Ltd., Hongtai Investment Co., Ltd and Core Technicians holding committed not to transfer or entrust to a third party the company?s shares they hold directly or indirectly before the public offering, or allow the company to repurchase these shares within 12 months from the company?s share listing date. If, within 6 months after the 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.