311,089,995 Ordinary Shares of NationGate Holdings Berhad are subject to a Lock-Up Agreement Ending on 12-JAN-2024. These Ordinary Shares will be under lockup for 373 days starting from 4-JAN-2023 to 12-JAN-2024.

Details:
The moratorium applies to the entire shareholdings of our Specified Shareholders for a period of 6 months from the date of our admission to the ACE Market (?First 6-Month Moratorium?)

Upon expiry of the First 6-Month Moratorium, our Company must ensure that our Specified Shareholders? aggregate shareholdings amounting to at least 45.0% of the total number of issued ordinary shares remain under moratorium for another period of 6 months (?Second 6-Month Moratorium?).

On the expiry of the Second 6-Month Moratorium, our Specified Shareholders may sell, transfer or assign up to a maximum of 1/3rd per annum (on a straight-line basis) of those Shares held under moratorium