750,000,000 Ordinary Shares of Pangaea Connectivity Technology Limited are subject to a Lock-Up Agreement Ending on 18-AUG-2021. These Ordinary Shares will be under lockup for 181 days starting from 18-FEB-2021 to 18-AUG-2021. Details: Pursuant to Rule 10.07 of the Listing Rules, each of the Controlling Shareholders undertakes to the Stock Exchange and to Company that except pursuant to the Share Offer (including the Overallotment Option), they will not at any time during the period commencing on the date by reference to which disclosure of his/her/its interests in Company is made in this prospectus and ending on the date falling six months from the Listing Date (the ‘‘First Six-month Period’’), dispose of, or enter into any agreement to dispose of or otherwise create any options, rights, interests or encumbrances in respect of, any of the securities of Company in respect of which he/she/it is shown by this prospectus to be the beneficial owners; or in the six-month period commencing on the expiry of the First Six-month Period set out in paragraph (a) above (the ‘‘Second Six-month Period’’), dispose of, or enter into any agreement to dispose of or otherwise create any options, rights, interests or encumbrances in respect of, any of the securities mentioned in paragraph (a) if, immediately following such disposal or upon the exercise or enforcement of such options, rights, interests or encumbrances, he/she/it would cease to be a controlling shareholder of Company for the purposes of the Listing Rules.