Certain A Shares of Hichain Logistics Co.,Ltd. are subject to a Lock-Up Agreement Ending on 24-AUG-2022. These A Shares will be under lockup for 740 days starting from 14-AUG-2020 to 24-AUG-2022.

Details:
The company's controlling shareholder and actual controller Liang Chen, Yang Xi, Commitment of the company's shareholder Wujiang Brothers Investment Center (Limited Partnership), Liang Gang and Yao Peiqin, who are indirectly held by Wujiang Brothers Investment Center (Limited Partnership) and are the controlling shareholder promised that within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 months from listing, lock-up period will be automatically extended for another 6 months. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties.

Wujiang Brothers Investment Center (Limited Partnership) indirectly holding shares and serving as the company's directors, supervisors, senior management's shareholders and controlling shareholders, the actual controller Liang Chenzhi's relatives, Gao Yubiao's commitment to the company's directors and senior management personnel through Wujiang Brothers Investment Center (Limited Partnership)'s indirect shareholding, Wang Wei and Zhu Jianhua, the shareholders who indirectly held shares and served as supervisors of the company through Wujiang Brothers Investment Center (Limited Partnership), Company's shareholder Nuno Jintong Co., Ltd., Suzhou Hengtong Yongxin Venture Capital Enterprise (Limited Partnership), Shenzhen Qianhai Pengchen Yuanta Investment Enterprise (Limited Partnership), Suzhou Zhongding Longyu Venture Capital Center (Limited Partnership), and Lhasa Qingzhe Venture Capital Partnership (Limited Partnership) promised that within 12 months since the date of listing of the present shares in the Shanghai Stock Exchange, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 months from listing, lock-up period will be automatically extended for another 6 months. After the expiry of the lock-up period (including the extended lock-up period), the parties promise that yearly transfer of shares made by them will not exceed 25% of the holding, both direct and indirect, held by the present parties.