China Electronics Technology Group Corporation's Commitment Letter Regarding Share Lock-up
As the actual controller and controlling shareholder of China Electronics Technology Group Corporation (hereinafter referred to as "the Company"), China Electronics Technology Group Corporation hereby solemnly commits as follows:
I. The shares held by the Company in the Issuer are not subject to entrusted shareholding, trust shareholding, or other circumstances that may lead to unclear ownership or potential disputes regarding the ownership of the Company's shares. There are no pledges, freezes, seizures, or other restrictions on rights.
II. Except for equity transfers or transfers required by laws, regulations, normative documents, and competent national authorities, the Company will not transfer or entrust others to manage the shares of the Issuer directly or indirectly held by the Company within 36 months from the date of the Issuer's stock listing on the Shenzhen Stock Exchange, nor will the Issuer repurchase these shares.
III. Within 6 months after the Issuer's stock listing, if the closing price of the Issuer's stock is lower than the price of the Company's initial public offering for 20 consecutive trading days (the "offering price" refers to the Company's initial public offering price, which will be adjusted accordingly if the Company undergoes ex-dividend, ex-rights, bonus share distribution, capital reserve to increase share capital, additional share issuance, or private placement after the initial offering, and so on, hereinafter referred to as the same), or if the closing price at the end of the 6-month period after listing (or the first trading day thereafter if it is not a trading day) is lower than the price of the Company's initial public offering, the lock-up period for the Company's shares held by the Company will be automatically extended by 6 months.
IV. If the Issuer commits a major violation and meets the delisting criteria, the Company will not reduce its holdings of the Issuer's controlling shares from the date of the relevant administrative penalty decision or judicial ruling until the termination of the Issuer's stock listing.
V. Regarding the Issuer's performance decline:
(I) If the Issuer's net profit in the listing year declines by more than 50% compared to the previous year, the lock-up period for the Company's shares held at that time will be extended by 6 months.
(II) If the Issuer's net profit in the second year after listing declines by more than 50% compared to the previous year, the lock-up period for the Company's shares held at that time will be extended by an additional 6 months on top of the previous item.
(III) If the Issuer's net profit in the third year after listing declines by more than 50% compared to the previous year, the lock-up period for the Company's shares held at that time will be extended by an additional 6 months on top of the previous two items.
The "net profit" in the preceding three items refers to the net profit attributable to the parent company after deducting non-recurring gains and losses. The shares held by the Company at that time refer to the shares acquired by the Company before listing and still held at the time of disclosure of the annual reports for the listing year and the second and third years thereafter.
VI. If laws, regulations, or securities regulatory authorities have other provisions regarding share lock-up periods, the Company undertakes to comply with such provisions simultaneously.
If the Company fails to fulfill the above commitments, causing losses to investors and/or the Issuer, the Company will compensate for the losses in accordance with the law.
China Electronics Technology Group Corporation (Seal)
Legal Representative or Authorized Representative (Signature): [blank]
Name: [blank]
Date: 2025 December 23