Certain H Shares of Venus Medtech (Hangzhou) Inc. are subject to a Lock-Up Agreement Ending on 10-DEC-2020. These H Shares will be under lockup for 367 days starting from 9-DEC-2019 to 10-DEC-2020. Details: Each of the Controlling Shareholders namely Zeng, Zi and Horizon Binjiang LLC has undertaken to the Hong Kong Stock Exchange and to our Company that, except pursuant to the Global Offering, he/it shall not and shall procure that the registered holder(s) controlled by him/it shall not in the period commencing on the date by reference to which disclosure of his/its shareholding is made in this Prospectus and ending on the date which is six months from the Listing Date. Each of the Controlling Shareholders agrees and undertakes to each of the Joint Sponsors, the Joint Representatives, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers and the Hong Kong Underwriters and the Company that, it will not, during the Second Six-Month Period offer to or agree to or contract to or publicly announce any intention to effect any such transaction immediately following any sale, transfer or disposal or upon the exercise or enforcement of any option, right, interest or Encumbrance pursuant to such transaction, it will cease to be a Controlling Shareholder of the Company, and until the expiry of the Second Six-Month Period.