Certain Ordinary Shares of Virscend Education Company Limited are subject to a Lock-Up Agreement Ending on 15-JAN-2017. These Ordinary Shares will be under lockup for 367 days starting from 14-JAN-2016 to 15-JAN-2017. Details: The controlling shareholders of the company, Yan Yude and Virscend Holdings Company Limited have agreed not to dispose of any shares of the company for a period of six months from the listing date, January 15, 2016. The controlling shareholders have also agreed not to dispose of any shares for a period of six months, commencing from the expiry of the first six-month period, if following such disposal, it ceases to be a controlling shareholder of the company.