Certain A Shares of De Rucci Healthy Sleep Co., Ltd. are subject to a Lock-Up Agreement Ending on 20-JUN-2023. These A Shares will be under lockup for 365 days starting from 20-JUN-2022 to 20-JUN-2023.

Details:
The controlling shareholder Dongguan Muteng Investment Co., Ltd. promised that within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 months from listing, lock-up period will be automatically extended for another 6 months.

Wang Bingkun (actual controller, chairman, general manager), Lin Jiyong (actual controller, director) and Yao Jiqing (director, senior management) promised that within 36 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 months from listing, lock-up period will be automatically extended for another 6 months.

After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

Company shareholder Dongguan Mutai Industrial Investment Partnership (Limited); Lin Jianyong, Wang Xingbo commit that within 36 months from the date of the company's initial public offering of shares, they will not transfer or entrust others to manage the company's directly or indirectly held shares issued before the company's IPO, nor will it be repurchased by the company.

The company's directors and senior managers Sheng Yan, Jiang Tao, Li Lifa, Zhao Yuangui and Zhang Jingyun promised that within 12 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company. If, within 6 months after the issuer's listing, the closing price of the shares is lower than issuance price for 20 consecutive trading days or if trading price is lower than issuance price after 6 months from listing, lock-up period will be automatically extended for another 6 months.

After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

Company supervisors Luo Zhenbiao, Lei Hua and Wang Yufang promised that within 12 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company.

After the expiry of the lock-up period (including the extended lock-up period), during the time serves as the company director, supervisor and senior manager, the party promise that yearly transfer of shares made by him/her will not exceed 25% of the holding.

Red Star Macalline Group Corporation Ltd., Meizhou Oppein Investment Industrial Co., Ltd., Sequoia Jingyu (Xiamen) Equity Investment Partnership (Limited Partnership), Beijing Hualian Variety Arts Advertising Co., Ltd., Shanghai Longxiu Enterprise Management Consulting Partnership (Limited Partnership), Wu Yetian, Zhang Zhian, Li Haiyan, Chen Deguang, Hong Tianfeng promised that within 12 months since the date of listing of the present shares, there will not be no transfers nor entrustment of shares to any third party nor repurchase by the Company.