Chun Yi Hao - 31 Dec 2021 Form 5 Insider Report for East Stone Acquisition Corp

Role: Chairman and CFO, Director, 10%+ Owner
Signature: /s/ Chunyi Hao
Issuer symbol: N/A
Transactions as of: 31 Dec 2021
Net transactions value: $0
Form type: 5
Filing time: 14 Feb 2022, 15:10:39 UTC
Next filing: 08 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESSC	Ordinary Shares, no par value	Sale		-135,000	-8.1%		1,532,000	24 Nov 2021	By Double Ventures Holdings Limited	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On November 24, 2021, Double Ventures Holdings Limited (the "Sponsor") transferred an aggregate of 135,000 ordinary shares of the Issuer to certain backstop investors, pursuant to certain share transfer agreements, dated November 12, 2021, in consideration of backstop investors' agreement to certain restrictions on transfer and redemption of their public shares and their favorable votes for the extension of the Issuer's timeframe to complete an initial business combination and to approve the initial business combination.
F2	The Reporting Person is the sole officer and director of the Sponsor and owns 33.3% of the Sponsor and shares voting and investment discretion with respect to the ordinary shares held by the Sponsor. Accordingly, the Reporting Person may be deemed to have or share voting and investment discretion with respect to the ordinary shares held by the Sponsor.

Content

On November 24, 2021, Double Ventures Holdings Limited (the "Sponsor") transferred an aggregate of 135,000 ordinary shares of the Issuer to certain backstop investors, pursuant to certain share transfer agreements, dated November 12, 2021, in consideration of backstop investors' agreement to certain restrictions on transfer and redemption of their public shares and their favorable votes for the extension of the Issuer's timeframe to complete an initial business combination and to approve the initial business combination.

The Reporting Person is the sole officer and director of the Sponsor and owns 33.3% of the Sponsor and shares voting and investment discretion with respect to the ordinary shares held by the Sponsor. Accordingly, the Reporting Person may be deemed to have or share voting and investment discretion with respect to the ordinary shares held by the Sponsor.