Certain Ordinary Shares of Huadi International Group Co., Ltd. are subject to a Lock-Up Agreement Ending on 9-MAR-2023. These Ordinary Shares will be under lockup for 120 days starting from 9-NOV-2022 to 9-MAR-2023.

Details:
Each of company's officers, directors, and 5% shareholders have agreed not to offer, issue, sell, contract to sell, encumber, grant any option for the sale of or otherwise dispose of any ordinary shares or other securities convertible into or exercisable or exchangeable for ordinary shares for a period of 120 days from the closing date of this offering without the prior written consent of the Placement Agent pursuant to the Placement Agency Agreement, or for 120 days from the closing date of this offering pursuant to the Securities Purchase Agreement.