Certain A Shares of Sportsoul Co.,Ltd. are subject to a Lock-Up Agreement Ending on 20-OCT-2023. These A Shares will be under lockup for 371 days starting from 14-OCT-2022 to 20-OCT-2023.

Details:
Controlling shareholder Qingdao Haishuo Health Industry Development Co., Ltd. committed that within 36 months after the listing date, it 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.

Actual controller Zhu Xilong committed that within 36 months after the listing date, it 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.

Major shareholders with over 5% shareholding J.LU INVESTMENTS, LLC, Ningbo Hechuang Caizhi Investment Partnership (Limited Partnership) committed that within 36 months after the listing date, it 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.

Major shareholders with less than 5% shareholding Sky Reacher Holding, LLC, Qingdao Kundao Chifeng Investment Partnership (Limited Partnership) committed 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.

Shareholding Directors and Senior Managers Xu Sheng, Sun Lina, Lan Hua committed that within 12 months after the listing date, it 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.

Shareholding Directors and Senior Managers Yan Shipping committed that within 36 months after the listing date, it 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.