Certain H Shares of China Tourism Group Duty Free Corporation Limited are subject to a Lock-Up Agreement Ending on 25-AUG-2023. These H Shares will be under lockup for 372 days starting from 18-AUG-2022 to 25-AUG-2023.

Details:
Undertakings by the Controlling Shareholder:

In the period commencing on the date by reference to which disclosure of its shareholdings in the Company is made in this prospectus and ending on the date which is six months from the Listing Date (the ?First Six-Month Period?), either directly or indirectly, dispose of, nor enter into any agreement to dispose of or otherwise create any options, rights, interests or encumbrances in respect of, any of the securities of the Company in respect of which it is shown by this prospectus to be the beneficial owner; and

In the period of six months from the expiry of the First Six-Month Period, either directly or indirectly, dispose of, nor enter into any agreement to dispose of or otherwise create any options, rights, interests or encumbrances in respect of, any of the securities referred to in paragraph (a) above if, immediately following such disposal or upon the exercise or enforcement of such options, rights, interests or encumbrances, it would cease to be a controlling shareholder of the Company.