Certain Ordinary Shares of China New City Commercial Development Limited are subject to a Lock-Up Agreement Ending on 10-JAN-2015. These Ordinary Shares will be under lockup for 185 days starting from 9-JUL-2014 to 10-JAN-2015.

Details:
The controlling shareholders, Ideal World Investments Limited, Zhong An Real Estate Limited, Whole Good Management Limited and Shi Kancheng agreed not to offer any shares for a period of six months from the listing date, expected to be July 10, 2014.

They also agreed not to dispose any shares for an additional six months, if following such disposal, they cease to be the controlling shareholders of the company.