Transaction Details

Footnotes

These shares are owned directly by JS&W Group Holdings Limited Partnership. Wang Xuning, as the settlor of a trust, which indirectly wholly owns the general partner and indirectly owns the controlling interest in the limited partner of JS&W Group Holdings Limited Partnership, may be deemed to beneficially own the shares owned directly by JS&W Group Holdings Limited Partnership. Wang Xuning reserves the right to revoke the trust without the consent of another person and exercises investment control over the Issuer's securities held by the trust. Mr. Wang disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. | These shares are owned directly by JS&W Asset Holdings Limited Partnership. Wang Xuning, as the settlor of a trust, which indirectly wholly owns the general partner and indirectly owns the controlling interest in the limited partner of JS&W Asset Holdings Limited Partnership, may be deemed to beneficially own the shares owned directly by JS&W Asset Holdings Limited Partnership. Wang Xuning reserves the right to revoke the trust without the consent of another person and exercises investment control over the Issuer's securities held by the trust. Wang Xuning disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. | Each restricted share unit ("RSU") is the economic equivalent of one ordinary share of JS Global Lifestyle Company Limited ("JS Global") and the corresponding portion of the ordinary shares of the Issuer upon the completion of the separation of the Issuer from JS Global (the "Separation"). In connection with the Separation, each JS Global shareholder as of the record date for the Separation was entitled to receive one ordinary share of the Issuer for every 25 ordinary shares of JS Global held by such shareholder. | These RSUs consist of 5,766,667 time-based RSUs and 5,766,667 performance-based RSUs granted by JS Global to the Reporting Person on June 6, 2023 pursuant to its Restricted Share Unit Scheme, which vested in full on April 16, 2026. The time-based RSUs were previously reported on the Form 3 filed by the Reporting Person on January 2, 2026. The performance-based RSUs are being reported for the first time on this Form 4 in connection with their vesting.