Certain A Shares of Zhejiang Sunrise Garment Group Co., Ltd. are subject to a Lock-Up Agreement Ending on 28-OCT-2022. These A Shares will be under lockup for 371 days starting from 22-OCT-2021 to 28-OCT-2022.

Details:
Members of board of directors Ding Kaizheng (also as senior management personnel); Zhong Ruiquan; Long Bingchu; Liu Xiangrong; Xu Ying; members of supervisory board Zhang Fengchun; Zhang Da; Shen Ping; senior management personnel Wang Peirong; Zhang Hongbin; actual controller Xu Lei committed that within 36 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company's share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company's share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months. During the term of office as the company's director, member of supervisory board, senior management personnel, the number of shares in the company transferred each year shall not exceed 25% of the total shares held in the company.

Holding shareholder Ningbo Sunrise Textile Co., Ltd., Enterprise under control of actual controller Sunrise Group Enterprises Ltd., actual controller's persons acting in concert, Chengzhou Shengtai Investment Management Partnership Enterprise (Limited Enterprise); Chengzhou Shengxin Investment Management Partnership Enterprise (Limited Enterprise) committed that within 36 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares. If the closing price of the company's share is lower than the issue price for 20 consecutive trading days within 6 months after listing, or if the closing price of the company's share is lower than the issue price for the period ending six months after listing, then the lockup period shall automatically be extended for 6 months.

Shareholders with more than 5% shareholding, Youngor Clothing Holding Co., Ltd.; Itochu Textile Prominent (Asia) Ltd., Shareholders with less than 5% shareholding, Ningbo Meishan Bonded Port Area Xizi Hengyi Enterprise Management Partnership Enterprise (Limited Partnership).

Ningbo Heyi Equity Investment Partnership (Limited Partnership); DC Management Group Ltd. committed that within12 months after the listing date, shall not transfer nor entrust to others for management direct or indirect shares in the company held prior to this issuance, nor allow the company to repurchase the said shares.