Certain Ordinary Shares of KWG Living Group Holdings Limited are subject to a Lock-Up Agreement Ending on 29-APR-2021. These Ordinary Shares will be under lockup for 182 days starting from 29-OCT-2020 to 29-APR-2021. Details: The controlling shareholders Kong Jianmin, Kong Jiantao and Kong Jiannan will not offer any shares for a period of 6 months from the listing date. They have agreed to not dispose any shares for an additional six months, if following such disposal, they cease to be the controlling shareholders of the company. A total of 1,041,029,547 shares held by controlling shareholders and 117,866,000 shares held by cornerstone investors are subject to Lock-up.