Certain A Shares of KSEC Intelligent Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 30-NOV-2023. These A Shares will be under lockup for 372 days starting from 23-NOV-2022 to 30-NOV-2023.

Details:
Commitment of the controlling shareholder Kunming Marine Equipment Group Co., Ltd. and commitment of the actual controller China Shipbuilding Industry Corporation Investment Co.,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.

Commitment of the issuer holding more than 5% of the shareholders of China State-owned Capital Venture Capital Fund Co., Ltd. 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.