Certain A Shares of Shanghai DOBE Cultural & Creative Industry Development (Group) Co. LTD. are subject to a Lock-Up Agreement Ending on 10-FEB-2024. These A Shares will be under lockup for 1100 days starting from 5-FEB-2021 to 10-FEB-2024.

Details:
The Company?s actual controllers Jia Bo and Li Yanling, holding shareholder Shanghai Zhongweizi Investment Management Co., Ltd., and shareholder Changxing Ganrun Business Management Consulting Partnership Enterprise (Limited Partnership) committed: to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.

The Company?s other shareholders committed: to not transfer or entrust to a third party the Company?s shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date.