3,142,800 H Shares of Newtrend Group Holding Co., Ltd. are subject to a Lock-Up Agreement Ending on 9-DEC-2025. These H Shares will be under lockup for 183 days starting from 9-JUN-2025 to 9-DEC-2025.

Details:
Under the Hong Kong Underwriting Agreement, each of Controlling Shareholders has jointly and severally undertaken to us, the Sole Sponsor, the Sponsor-Overall Coordinator, the Overall Coordinators, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers, the Hong Kong Underwriters and the Capital Market Intermediaries that, save as (i) pursuant to the Global Offering (including the Over-allotment Option); or (ii) permitted under the Listing Rules and only after the consent of any relevant PRC regulatory authority (if so required) has been obtained: (a) he/she/it shall not, and shall procure that none of his/her/its associates or any company controlled by him/her/it or any of his/her/its associates, nominees or trustees holding in trust for him/her/it will, at any time during the First Lock-up Period, sell, transfer or otherwise dispose of (other than by way of a security for a bona fide commercial loan in favour of an authorised institution (as defined in the Banking Ordinance, Chapter 155 of the Laws of Hong Kong (the ?Banking Ordinance?)), or enter into any agreement (other than by way of a security for a bona fide commercial loan in favour of an authorised institution (as defined in the Banking Ordinance)) to sell, transfer or dispose of, or otherwise create any options, rights, interests or encumbrances in respect of, any of Shares (or any interest therein) directly or indirectly owned by him/her/it or in which he/she/it is, directly or indirectly, interested immediately after completion of the Global Offering; (b) each of Controlling Shareholders shall not, and shall procure that none of his/her/its associates or any company controlled by him/her/it or any of his/her/its associates, nominees or trustees holding in trust for him/her/it will, at any time during the Second Lock-up Period, sell, transfer or otherwise dispose of (other than by way of a security for a bona fide commercial loan in favour of an authorised institution (as defined in the Banking Ordinance), or enter into any agreement (other than by way of a security for a bona fide commercial loan in favour of an authorised institution (as defined in the Banking Ordinance)) to sell, transfer or dispose of, or otherwise create any options, rights, interests or encumbrances in respect of, any of Shares (or any interest therein) directly or indirectly owned by him/her/it or in which he/she/it is, directly or indirectly, interested immediately after completion of the Global Offering or any interest in any shares in any company controlled by him/her/it which is the beneficial owner of any of such Shares, or announce any intention to do so, if, immediately following such action, Controlling Shareholders, when taken together, would cease to be a group of controlling shareholders (as defined in the Listing Rules) of Company.

Each of the Cornerstone Investors has agreed that it will not, whether directly or indirectly, at any time during the period of six months from and including the Listing Date (the ?Lock-up Period?), dispose of any of the Offer Shares they have subscribed for pursuant to the relevant Cornerstone Investment Agreements, save for certain limited circumstances, such as transfers to any of its wholly-owned subsidiaries who will be bound by the same obligations of such Cornerstone Investor, including the Lock-up Period restriction.