Certain H Shares of Xiamen Yan Palace Bird's Nest Industry Co., Ltd. are subject to a Lock-Up Agreement Ending on 10-JUN-2024. These H Shares will be under lockup for 182 days starting from 11-DEC-2023 to 10-JUN-2024.

Details:
In accordance with Rule 10.07(1) of the Listing Rules, each of the Controlling Shareholders has undertaken to the Stock Exchange and us that, except pursuant to the Global Offering (including the Over-allotment Option) and the Conversion of Unlisted Shares into H Shares, he/she/it shall not in the period commencing on the date by reference to which disclosure of his/her/its shareholding is made in this prospectus and ending on the date which is six months from the Listing Date (the ?LR First Six-month Period?), dispose of, nor enter into any agreement to dispose of, or otherwise create any options, rights, interests or encumbrances in respect of, any of those securities of the Company in respect of which he/she/it is shown by this prospectus to be the beneficial owner (the ?Relevant Securities?) and in the period of six months commencing from the expiry of the LR First Six-month Period (the ?LR Second Six-month Period?), dispose of, nor enter into any agreement to dispose of, or otherwise create any options, rights, interests or encumbrances in respect of, any of the Relevant Securities 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 the controlling shareholder (as defined in the Listing Rules) of the Company.