Certain Ordinary Shares of Newborn Town Inc. are subject to a Lock-Up Agreement Ending on 31-DEC-2020. These Ordinary Shares will be under lockup for 367 days starting from 30-DEC-2019 to 31-DEC-2020.

Details:
The controlling shareholders, Liu Chunhe and Li Ping, and their respective holding entities agrees that, they will not sell shares for a period of six months from the listing date.

The controlling shareholders agrees that, they will not sell shares for a period of six months after the expiry of the first six month period.