1,500,000 A Shares of ValueHD Corporation are subject to a Lock-Up Agreement Ending on 2-OCT-2023. These A Shares will be under lockup for 427 days starting from 1-AUG-2022 to 2-OCT-2023.

Details:
Holding shareholder, actual controller, chairman of the board of directors and general manager Chen Tao promised that Within 36 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months. During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Corporate shareholder Shenzhen Weihai Investment Co., Ltd. promised that Within 36 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.

Members of the board of directors, members of supervisory board, senior management personnel with direct shareholdings Chen Liwu; Yang Ying; Chai Yawei; Ouyang Dianyong; Lu Jialong and Wu Wenjuan promised that Within 12 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months. During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

With indirect shareholdings Shi Liqing, Chu Wen and Liu Yan promised that Within 12 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company?s share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company?s share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months. During the term of office as the company?s director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Chen Liwu, Lu Jialong, Wu Wenjuan signed additional commitment to Not to externally transfer 500,000 shares, 500,000 shares, and 250,000 shares, respectively, within 36 months from the date of completion of changes in business registration due to capital injection (September 29, 2020).

Bai Dongsheng signed additional commitment Not to externally transfer 250,000 shares within 36 months from the date of completion of changes in business registration due to capital injection (September 29, 2020).

Shareholders Yang Zudong and Bai Dongsheng promised that Within 12 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.

Shareholder Wang Yun Trade moratorium on shares Not to transfer shares held within 1 year from date of listing on the stock exchange.