Certain Units of SF Real Estate Investment Trust are subject to a Lock-Up Agreement Ending on 16-MAY-2022. These Units will be under lockup for 370 days starting from 11-MAY-2021 to 16-MAY-2022. Details: SF Fengtai and SF Holding has undertaken to each of the REIT Manager, the Joint Global Coordinators, the Sole Listing Agent and the Hong Kong Underwriters that they 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.