Certain Ordinary Shares of J-Long Group Limited are subject to a Lock-Up Agreement Ending on 29-JUN-2024. These Ordinary Shares will be under lockup for 183 days starting from 29-DEC-2023 to 29-JUN-2024.

Details:
The Company, on behalf of itself and any successor entity, will agree in the Underwriting Agreement that, without the prior written consent of Eddid Securities, it will not, for a period of six months after the effective date of Company?s registration statement (the ?Lock-Up Period?), (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any shares of capital stock of the Company or any securities convertible into or exercisable or exchangeable for shares of capital stock of the Company; (ii) file or caused to be filed any registration statement with the SEC relating to the offering of any shares of capital stock of the Company or any securities convertible into or exercisable or exchangeable for shares of capital stock of the Company; (iii) complete any offering of debt securities of the Company, other than entering into a line of credit with a traditional bank or (iv) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of capital stock of the Company, whether any such transaction described in clause (i), (ii), (iii) or (iv) above is to be settled by delivery of shares of capital stock of the Company or such other securities, in cash or otherwise.

In addition, each of directors, officers and certain other shareholders has agreed to enter into customary lock-up agreements in favor of Eddid Securities that for a period of six months from the effective date of Company?s registration statement, they shall not offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any Ordinary Shares of the Company or any securities convertible into or exercisable or exchangeable for Ordinary Shares of the Company, subject to customary exceptions.