Certain Ordinary Shares of Xiangxing International Holding Limited are subject to a Lock-Up Agreement Ending on 7-JUL-2020. These Ordinary Shares will be under lockup for 1097 days starting from 6-JUL-2017 to 7-JUL-2020.

Details:
Glory Fame Venture Limited, Cheng Youguo, Huang Meili, Great Ploy Investment Limited, Chen Qishi and Chen Manhong, the substantial shareholders, will not offer any shares for a period of six months from the listing date, expected to be July 07, 2017. 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.

Further, each of the controlling shareholders, namely Glory Fame Venture Limited and Cheng Youguo, will not dispose any shares for 24 months commencing on the expiry of the second six-month period.