Amendment to Letter Agreement Regarding Forfeiture of Founder Shares, dated November 12, 2021, by and among JHD Holdings (Cayman) Limited, East Stone Acquisition Corporation, Double Ventures Holdings Limited, Navy Sail International Limited, Yellow River (Cayman) Limited, JHD Technologies Limited Chunyi (Charlie) Hao, and Xiaoma (Sherman) Lu

Exhibit 10.4

JHD HOLDINGS (CAYMAN) LIMITED
14/F Golden Centre

188 Des Voeux Road Central
Hong Kong

EAST STONE ACQUISITION CORPORATION
25 Mall Road, Suite 330

Burlington, MA 01803

November 12, 2021

Re: Amendment to Letter Agreement Regarding Forfeiture of Founder Shares

Ladies and Gentlemen:

Reference is made to that certain letter agreement, dated February 16, 2021 (the “Founder Share Letter”), by and among, JHD Holdings (Cayman) Limited, a Cayman Islands company (“JHD”), East Stone Acquisition Corporation, a British Virgin Islands business company (the “Purchaser”), Double Ventures Holdings Limited, a British Virgin Islands company (the “Sponsor”), Navy Sail International Limited, a British Virgin Islands company (“Navy Sail”), Chunyi (Charlie) Hao, and Xiaoma (Sherman) Lu , pursuant to which, among other matters, each of the Sponsor, Navy Sail and Messrs. Hao and Lu (collectively, the “Primary Initial Shareholders”) agreed to forfeit up to 50% of their Founder Shares in the event that that Purchaser Cash at Closing was less than the Target Purchaser Cash. Any term used but not defined in this letter agreement (this “Amendment”) will have the meaning ascribed to such term in the Founder Share Letter or, if such term is not defined in the Founder Share Letter, in the Business Combination Agreement defined therein.

The Purchaser, JHD and the Primary Initial Shareholders desire to amend the Founder Share Letter to provide (i) that the Forfeited Shares, if any, shall be cancelled and replaced with Pubco Ordinary Shares, which shall be used for the purposes specified herein and (ii) to add JHD Technologies Limited, a Cayman Islands company (“Pubco”), and Yellow River (Cayman) Limited, a Cayman Islands company (the “Primary Seller”), as a parties thereto.

Section 3 of the Founder Share Letter provides that it may only be changed, amended or modified by a written instrument executed by all of the parties thereto.

For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, JHD, Pubco, the Purchaser, the Primary Initial Shareholders and the Primary Seller hereby agree as follows:

“In order to effectuate such forfeiture, upon the Closing, each Primary Initial Shareholder shall deliver its Founder Pro Rata Share of the Forfeited Shares to Purchaser in book entry form for cancellation. The Forfeited Shares shall be replaced by an equivalent number of Pubco Ordinary Shares (the “Forfeiture Replacement Shares”) with such shares being allocated and applied in accordance with Section 1(b) below. In addition, any Founder Shares transferred to investors prior to the Closing pursuant to Section 1(b)(ii) below shall also be deemed to be Forfeiture Replacement Shares.

“(b) The Forfeiture Replacement Shares shall be allocated and issued to the individuals and entities specified below in the following order and priority:

For the avoidance of doubt, to the extent that the investors specified in clause 1(b)(ii) above enter in non-redemption agreements with Purchaser and thereby waive their right to redeem their shares at the Closing, the value of such shares remaining in the trust account immediately before the Closing (which such funds will be placed in escrow pursuant to the non-redemption agreements immediately following Closing) shall not count towards the minimum cash condition specified in Section 9.2(d) of the Business Combination Agreement.

“(c) Notwithstanding anything in this Agreement to the contrary, in the event that after the application of Section 1(a) above it is determined by the parties hereto that there are no Forfeited Shares at the Closing, the Primary Initial Shareholders acknowledge and agree that the obligation to deliver shares of Purchaser or Pubco to the entities specified in Section 1(b)(i) and 1(b)(ii) above, shall be satisfied by the Primary Initial Shareholders either at or prior to the Closing by the transfer of an equivalent number of Founder Shares to such parties in the same order and priority as specified in Section 1(b) (i) to (ii) with respect to the Forfeiture Replacement Shares.

{Remainder of Page Intentionally Left Blank; Signature page follows}

Please indicate your agreement to the foregoing by signing in the space provided below.

Accepted and agreed, effective as of the date first set forth above:

[Additional Signatures on Following Page]

[Signature Page to Amendment to Founder Share Letter]

[Signature Page to Amendment to Founder Share Letter]