Certain Ordinary Shares of China Hongqiao Group Limited are subject to a Lock-Up Agreement Ending on 18-JUN-2021. These Ordinary Shares will be under lockup for 91 days starting from 19-MAR-2021 to 18-JUN-2021. Details: Pursuant to the Placing and Subscription Agreement, Hongqiao Holdings has undertaken to the Placing Agents that it shall not, and shall procure that none of its nominees, any person controlled by it, any trust associated with it or any person acting on its or their behalf shall, without the prior written consent of a majority in number of the Placing Agents, (i) offer, sell, pledge, lend, contract to sell, pledge or lend, grant any option over, make any short sale or otherwise dispose of (or enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by Hongqiao Holdings or any Affiliate of Hongqiao Holdings or any person in privity with Hongqiao Holdings or any Affiliate of Hongqiao Holdings), directly or indirectly, any equity securities of the Company or any securities convertible into, or exercisable, or exchangeable for, equity securities of the Company, (ii) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of such Shares, whether any such transaction described in (i) or (ii) above is to be settled by delivery of the Shares or such other securities, in cash or otherwise, or (iii) publicly announce an intention to effect any such transaction, for a period beginning on the date of the Placing and Subscription Agreement and ending on the date which is 90 days after the Closing Date. The foregoing shall not apply to the sale of the Placing Shares under the Placing and Subscription Agreement.