Certain Ordinary Shares of Raily Aesthetic Medicine International Holdings Limited are subject to a Lock-Up Agreement Ending on 27-DEC-2021. These Ordinary Shares will be under lockup for 368 days starting from 24-DEC-2020 to 27-DEC-2021.

Details:
Each of the Controlling Shareholders has undertaken to the Stock Exchange and to the Company that except pursuant to the Global Offering they will not, and will procure that the relevant registered holders of Shares in which any of them has a beneficial interest will not, at any time during the period commencing on the date by reference to which disclosure of his/ her/its interests in our Company is made in this prospectus and ending on the date falling six months from the Listing Date (the ‘‘First Six-month Period'') , dispose of, or enter into any agreement to dispose of or otherwise create any options, rights, interests or encumbrances in respect of, any of the securities of our Company in respect of which he/it is shown by this prospectus to be the beneficial owners.

Each of the Controlling Shareholders has undertaken to the Stock Exchange and to the Company that except pursuant to the Global Offering they will not, and will procure that the relevant registered holders in the six-month period commencing on the expiry of the First Six-month Period set out in paragraph (a) above (the ‘‘Second Six-month Period''), dispose of, or enter into any agreement to dispose of or otherwise create any options, rights, interests or encumbrances in respect of, any of the securities mentioned in paragraph (a) if, immediately following such disposal or upon the exercise or enforcement of such options, rights, interests or encumbrances, he/it would cease to be a controlling shareholder of our Company for the purposes of the Listing Rules.