Certain H shares of Shanghai Chicmax Cosmetic Co., Ltd. are subject to a Lock-Up Agreement Ending on 21-DEC-2023. These H shares will be under lockup for 365 days starting from 21-DEC-2022 to 21-DEC-2023.

Details:
in the period commencing on the date by reference to which disclosure of its
shareholdings in the Company is made in this prospectus and ending on the date
which is six months from the Listing Date (the ?First Six-Month Period?), either
directly or indirectly, dispose of, nor enter into any agreement to dispose of or
otherwise create any options, rights, interests or encumbrances in respect of, any of
the securities of the Company in respect of which it is shown by this prospectus to
be the beneficial owner; and
(b) in the period of six months from the expiry of the First Six-Month Period, either
directly or indirectly, dispose of, nor enter into any agreement to dispose of or
otherwise create any options, rights, interests or encumbrances in respect of, any of
the securities referred to in paragraph (a) above if, immediately following such
disposal or upon the exercise or enforcement of such options, rights, interests or
encumbrances, it would cease to be a controlling shareholder of the Company.
Pursuant to Note 3 to Rule 10.07(2) of the Listing Rules, each of the Controlling
Shareholders has undertaken to the Stock Exchange, the Company, the Joint Sponsors, the
Overall Coordinators, the Capital Market Intermediaries and the Underwriters that, within the
period commencing on the date by reference to which disclosure of its shareholding in the
Company is made in this prospectus and ending on the date which is 12 months from the
Listing Date, it will and will procure that the relevant registered holder(s) will:
(i) when it pledges or charges any securities of the Company beneficially owned by it
in favour of an authorized institution (as defined in the Banking Ordinance (Chapter
155 of the Laws of Hong Kong)) pursuant to Note 2 to Rule 10.07 of the Listing
Rules, immediately inform the Company, the Joint Sponsors and the Overall
Coordinators of such pledge or charge together with the number of securities so
pledged or charged; and
(ii) when it receives indications, either verbal or written, from the pledgee or chargee of
any securities of the Company that any of the pledged or charged securities will be
disposed of, immediately inform the Company, the Joint Sponsors and the Overall
Coordinators of such indications.