29,726,093 Shares of Many Idea Cloud Holdings Limited are subject to a Lock-Up Agreement Ending on 8-MAY-2023. These Shares will be under lockup for 181 days starting from 8-NOV-2022 to 8-MAY-2023.

Details:
Except for the offer and sale of the Offer Shares pursuant to the Global Offering (including pursuant to the Over-allotment Option and the issue of Shares pursuant to the Capitalisation Issue), the Share Option Scheme and Shares to be issued pursuant to the Pre-HKIPO Loans, during the period commencing on the date of the Hong Kong Underwriting Agreement and ending on, and including, the date that is six months after the Listing Date (the “First Six-Month Period”)

In the event that, during the period of six months commencing on the date on which the First Six-month Period expires (the “Second Six-Month Period”), our Company enters into any of the transactions specified in paragraphs (a), (b) or (c) above or offers to or agrees to or announces any intention to effect any such transaction, our Company shall take all reasonable steps to ensure that it will not create a disorderly or false market in the securities of our Company.