1,275,000 Ordinary Shares of Ever Glory United Holdings Limited are subject to a Lock-Up Agreement Ending on 16-MAY-2024. These Ordinary Shares will be under lockup for 366 days starting from 16-MAY-2023 to 16-MAY-2024.

Details:
The foregoing restrictions shall apply to all the Lock-up Shares for the period commencing from the date of the undertaking until the date falling three (3) years from the Listing Date (both dates inclusive).

Xu Ruibing, Executive Director, CEO and Controlling Shareholder, and Sun Renwang, Non-Independent Non-Executive Chairman and Controlling Shareholder, will have a direct interest in 32,800,000 Shares and 32,800,000 Shares, respectively, and both have agreed not to dispose off any shares for three (3) years from the Listing Date.

An aggregate of 5,100,000 employee shares will be locked-in, of which, 25% shall be released each year starting from the date falling one (1) year from the Listing Date.