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

Role: Chairman and CFO, Director, 10%+ Owner
Signature: /s/ Chunyi Hao
Stock symbol: ESSC
Transactions as of: Dec 31, 2021
Transactions value $: $0
Form type: 5
Date filed: 2/14/2022, 03:10 PM
Next filing: Jun 8, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESSC	Ordinary Shares, no par value	Sale		-135K	-8.1%		1.53M	Nov 24, 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.