Certain Shares of China Education Group Holdings Limited are subject to a Lock-Up Agreement Ending on 17-APR-2023. These Shares will be under lockup for 90 days starting from 17-JAN-2023 to 17-APR-2023.

Details:
Each of Blue Sky and White Clouds has undertaken to the Placing Agent that (except for, among others, the sale of the Placing Shares pursuant to the Placing Agreement) for a period of 90 days from the date of the Placing Agreement it will not, and will procure that none of its nominees and companies controlled by it and trusts associated with it will offer, lend, pledge, issue, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of any Shares; or enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of such Shares.