Certain A Shares of Dencare (Chongqing) Oral Care Co., Ltd. are subject to a Lock-Up Agreement Ending on 11-APR-2024. These A Shares will be under lockup for 377 days starting from 31-MAR-2023 to 11-APR-2024.

Details:
The company?s holding shareholder Chongqing Light Industry & Textile Holding (Group) Company Limited promised:

Within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect 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.

Chongqing Benkang No. 1 Enterprise Management Partnership Enterprise (Limited Partnership)?Chongqing Benkang No. 2 Enterprise Management Partnership Enterprise (Limited Partnership) promised:

Within 36 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares.

Guangdong Wens Investment Co., Ltd. promised:

Within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares.

Chongqing Department Store Co., Ltd. promised:

Within 12 months after the listing date, will not transfer nor entrust to others for management direct or indirect shares in the company held prior to issuance, nor allow the company to repurchase the said shares.

Directors, management personnel indirectly owning shares in the company promised:

Within 36 months after the listing date, will not transfer nor entrust to others for management indirect 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, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company. Within 6 months after resignation, will not transfer shares in the company