Certain H Shares of Lygend Resources & Technology Co., Ltd. are subject to a Lock-Up Agreement Ending on 30-NOV-2023. These H Shares will be under lockup for 370 days starting from 25-NOV-2022 to 30-NOV-2023.

Details:
Each of the Cornerstone Investors has agreed that without the prior consent of the Company, the Joint Sponsors and the Overall Coordinators, it will not, whether directly or indirectly, at any time during the period of six months from the Listing Date (the ?Lock-up Period?), dispose of (as defined in the relevant Cornerstone Investment Agreement) any of the Offer Shares they have purchased pursuant to the relevant Cornerstone Investment Agreement, save for certain limited circumstances (if applicable), such as (i) 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; and/or (ii) pledges or charges in favor of an authorized institution (as defined in the Banking Ordinance (Chapter 155 of the Laws of Hong Kong)) who shall undertake to be bound by the same Lock-up Period restriction, for a bona fide commercial loan.

Pursuant to the applicable PRC law, within the 12 months following the Listing Date, Feng Yi cannot dispose of any of the Shares held by it.