Certain A Shares of Suzhou K-Hiragawa Electronic Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 12-OCT-2023. These A Shares will be under lockup for 378 days starting from 29-SEP-2022 to 12-OCT-2023.

Details:
The issuer?s controlling shareholder and actual controller Zhu Chunhua and Shi Huiqing?s commitment to undertake 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.

Commitments of the issuer?s shareholder Gongqingcheng Yiyi Investment Management Partnership Enterprise (Limited Partnership), Gongqingcheng Yixiang Investment Management Partnership Enterprise (Limited Partnership) 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.

Commitment of the issuer's shareholder Shanghai Hongshen Jingyu Enterprise Management Partnership Enterprise (Limited Partnership)-The company promises that Within 36 months from the date of acquiring shares of the issuer (September 18, 2020), 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.; and 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.

Commitments of directors and senior managers who hold company shares they undertake 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. 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.

Commitment of supervisors holding company shares- they undertake 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. 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.