Certain A Shares of Shenzhen Manst Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 13-MAY-2024. These A Shares will be under lockup for 375 days starting from 4-MAY-2023 to 13-MAY-2024.

Details:
The company?s holding shareholder Shenzhen Xinwei Investment Development Co., Ltd. and party acting in concert Changxing Man?ensi Enterprise Management Consulting Partnership Enterprise (Limited Partnership), Changxing Wendao Network Technology Partnership Enterprise (Limited Partnership), Changxing Chengli Network Technology Partnership Enterprise (Limited Partnership) promised Within 36 months after the listing date, will not transfer nor entrust to others for management shares in the company held prior to 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 will automatically be extended for 6 months.

Qingdao Hanman Network Technology Partnership Enterprise (Limited Partnership), Ningbo Hemao Investment Center (Limited Partnership),Beijing Yabilan Technology Co., Ltd., Jinan Zhongying Dingtai Equity Investment Fund Center (Limited Partnership), Shenzhen He?erte Information Technology Partnership Enterprise (Limited Partnership), Guangdong Hengguan No. 5 Equity Investment Partnership Enterprise (Limited Partnership), Shenzhen Huiyou Chuangjia Venture Capital Partnership Enterprise (Limited Partnership), Shenzhen Runxin New Vision Strategy Emerging Industry Private Equity Investment Fund Partnership Enterprise (Limited Partnership), Suzhou Sutang Venture Capital Partnership Enterprise (Limited Partnership), Anhui Hongxinli Equity Investment Partnership Enterprise (Limited Partnership) promised Within 36 months after obtaining shares in the company and within 12 months after the listing date, will not transfer nor entrust to others for management shares in the company held prior to issuance, nor allow the company to repurchase the said shares.

Tang Xuejiao, Peng Jianlin, Liu Zonghui, Wang Jinghua, Huang Yi, Liu Zheng, Chen Guishan, Peng Yalin promised Within 36 months after the listing date, will not transfer nor entrust to others for management shares in the company held prior to 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 will automatically be extended for 6 months.

During the term of office in the company as director, supervisor, management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.