UNITED STATES OMBAPPROVAL SECURITIES AND EXCHANGE COMMISSION 0MB Number: 3235-0 IO I Washington, D.C. 20549 Expires: July 31. 2023 Estimated average burden hours 1.00 FORM 144 oer resnonse ...... SEC USE ONLY NOTICE OF PROPOSED SALE OF SECURITIES DOCUME"IT SEQUENCE NO. PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933

ATTENTION: Transmit forfiling 3 copies of this form concurrently with either placing an order with a broker to execute sale CUSIP NUMBER or executing a sale directly with a market maker.

I (a) NAME OF ISSUER (Please type orprint) (b) I RS !DENT. NO. (c} SE.C FILE NO. WORK LOCATION NIA 001-38852 Ruhnn Holding Limited ZIP CODE

I (d) ADDRESS OF ISSUER STREET CITY STATE (e) TELEPHONE NO. I, 11F, Building 2. Lvgu Chuangzhi Development Center, 788 Hong Pu Road. Jianggan , 310016, People's Republic of ARloA (°\\l)lc Nl'MRER +86 (b) 571-2888-9393

2 (a) NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITIES RELATIONSHIP TO (<) ADDRESS STREET CITY STATE ZIP CODE ARE TO BE SOLD ISSUER Room 340, 199 Wensan Road, Xihu District, Hangzhou City, Province, Lei Sun CEO China, 310000 INSTRUCTION: The personfiling this notice should contact the issuer to obtain the IR.S. Identification Number and the SEC File Number. 3 (a) (b) SEC USE ONLY (l) (d) (e) (0 (K) Title of the Number ofShares Aggregate Numbe:r ofShares Approximate Name of Each Class of Name and Address of Each Broker Through whom the Broker-Dealer or Other lJnits Market or Osher Units Date of Sale Securities Securities Securities be E:tch arc to Offered or Market Maker File Number To Ile Sold Value Ountanding (See 111.'1r. 3(0) Exchange To Be Sold who is Acquiring the Securities (See 111.'1r. 3(l)} (See instr. J{d)) (See astr. J(e)) {MO. DAY YR.) (.,ce i11.>1r. J(g)) American Depositary ADSs 49,224,478 ADSs Shares(each TIGER BROKERS (NZ) LIMITED 895,900 five equal to $2,311.422 based equal to Sept. 30, 2020 NASDAQ representing Level 16, 191 Queen Street Sept. 28, 2020 - Class A ordinary 4,479,500 Class on 246,122,394 Dec. 28, 2020 Auckland Central, New Zealand A ordinary shares close $2.58 Class A ordinary shares) shares

INSTRUCTIONS: 3. (a) Title of the class of securities to be sold 1. ta) Nameofissuer (b) Name and address of each broker 1hrough whom the securities are intended to be sold (b) Issuer's I.R.S. Identification Number (c) Number of shares or other units to be sold (if debt securities, give the aggregate face amount) (c) lssuers S.E.C. file number. if any (d) Aggregate market value of the securities to be sold as ofa specified elite withi n JO days prior to the filing of this notice (d) Issuer's address, including zip code ( e) Number of shares or other 1111 its of the class outstanding. or if debt sec.irities the face amount thereof outstanding, as shown (e) Issuer's telephone number, including area code by the most recent report or statement published by the issuer (f) Approximate date on which the securities are to be sold 2. (a) Name of person for whose account the securities arc to be sold (g) Name of each securities exchange, if any. on which the securities are intended w be sold (b) Such person's relationship 10 the issuer (e.g., officer, director. 10% stockholder. or member ofimmediate family of any ofthe foregoing) (c) Such person's address. including zip code Potential persons who arc to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid 0MB control number. SEC 1147 (08-07) TABLE I SECURITIES TO BE SOLD Furnish the following information witli respect to the acquisition of the securities lo he sold and with to the ent - ofthe purchase price other consideration therefor: respect p aym- a/all or anv par/ or Title of Date you Name of Person from Whom Acquired Amount of Date of Acquisition Transaction the Class Acquired Nature of (J/gi[I. also give date donor acquired) Securities Acquired Payment Nature of Payment

American Depositary Shares(each Oct. 4, 2018 Acquired the Founder of the Securities Issuer 10,610,950 ADSs representing five as Ruhnn Holding Limited to Class A ordinary ?qual 53,054,750 NIA Cashless shares) Class A ordinary shares

TR CTION l I t he securities were purchased and full payment therefor was 1101 made in cash at the lime of purchase. explain in the table or in a note thereto the nature of the consideration given. If the considerat ion consisted of any note or other obi ignt ion, or if payment was made in installments lescribe the arrangement and stare when the note or other obligation was discharged in full or the last installment paid. TABLE Il SECURITIES SOLD DURING THE PAST 3 MO Furnish thefollowing information as to all ecuritie.- o.f the issuer sold during the past 3 111011ths by the personfor whose acco11111 the securities are to be sold. Amoun1of Name and Address of cllci Tule of'Sccuruics Sold Dale of ale Secunues Sold Gross Proceeds

23,900 ADSs equal to Sept 16, 2020 Lei Sun 119,500 Class A ordinary American Depositary shares Room 340, 199 Wensan Road, Xihu District, Hangzhou City, Zhejiang Province, Shares(each China, 310000 representing five $88,411.99 Class A ordinary Sep! 19, 2020 10,200 ADSs equal to shares) 51,000 Class A ordinary shares

REMARKS:

S: 71,e INSTR cno ATTENTION: person [ur whose account the securiue» to wh ich this 110/fC"e refutes are lo he sold Sec the dcfini tion ofvpcrson" in paragraph (a) of Ruic 1-14. In formation is to be given not only as hereby represents hy s1?11inx this notice thut he doe., not knuw ,,,,,. material adverse infornuuion in regard to to the person for whose account the securities arc to be sold but also as to all other persons included the c11rre111 and prospecnvc 01u•ra11011s of the Issuer of the securiues lo he, sold which ha.-; 1101 been puhlicl\' in that definition. In addition, information shall be given as to sales by all persons whose sales arc disclosed. ll s11d1 person hus aduptc•d a written trading plan or gn·en trudt ng instructions to .rnrisf,· Rule required by paragraph (e) of Ruic 144 to be aggregated with sales for the account oft he person filing /0h5-I 1111dt>r the E.rc/wnJ.:e Au. b1· siJ.:11i11g the form am/ indicating the date 1h01 the plan \HIS adopted or the th is notice.

September 29, 2020 DATF OF OTICF The by At DATE OF PLAN ADtWTIO OR GIVI G OF IN TRUCTttlN, notice shall be signed the person for whose account the securities are to be sold. leas/ one copy ·? RcL\'!Nu O RUI E I 081-1 of the notice shall be man uallv signed.Any copies not 111a111wlly signed shall hear typed or printed signatures, ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001) SEC I 147 (02-08)