<div id="readability-page-1"><div><p>Certain Ordinary Shares of Xiaocaiyuan International Holding Ltd. are subject to a Lock-Up Agreement Ending on 20-DEC-2025. These Ordinary Shares will be under lockup for 366 days starting from 19-DEC-2024 to 20-DEC-2025.</p><p>Details:<br/> Each of the Warranting Shareholders agrees and undertakes to each of the Company, the Joint Sponsors, the Overall Coordinators, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers, the Capital Market Intermediaries and the Hong Kong Underwriters that, except pursuant to the Global Offering (including pursuant to the Over-allotment Option), without the prior written consent of the Joint Sponsors and the Overall Coordinators (for themselves and on behalf of the Hong Kong Underwriters) and unless in compliance with the requirements of the Listing Rules and the Stock Borrowing Agreement: it/he will not, at any time during the First Six-Month Period, dispose of, nor enter into any agreement to dispose of or otherwise create an options, rights, interests or encumbrances in respect of, any of those securities of the Company in respect of which it/he is shown by this prospectus to be the beneficial owner(s); it/he will not, during the Second Six-Month Period, dispose of, nor enter into any agreement to dispose of or otherwise create an options, rights, interests or encumbrances in respect of, any of those securities referred to in sub-paragraph (i) above if, immediately following such disposal or upon the exercise or enforcement of such options, rights, interests or encumbrances, it/he will cease to be a ?controlling shareholder? (as the term is defined in the Listing Rules) of the Company ;at any time from the date of the Hong Kong Underwriting Agreement up to and including the date falling 12 months after the Listing Date, it/he will: a. when it/he pledges or charges any Shares or other securities of the Company beneficially owned by it/him, immediately inform the Company, the Joint Sponsors and the Overall Coordinators in writing of such pledge or charge together with the number of Shares or other securities of the Company so pledged or charged.</p></div></div>

00999

<p>Xiaocaiyuan International Holding Ltd. has a lock-up agreement for certain ordinary shares ending on 20-DEC-2025. The shares will be locked for 366 days from 19-DEC-2024 to 20-DEC-2025. Shareholders agree not to dispose of or create encumbrances on these shares during specified periods without consent from sponsors and coordinators, ensuring compliance with listing rules.</p>