Certain Ordinary Shares of Channel Micron Holdings Company Limited are subject to a Lock-Up Agreement Ending on 15-APR-2021. These Ordinary Shares will be under lockup for 183 days starting from 14-OCT-2020 to 15-APR-2021. Details: Each of Douglas Frederick Bockmiller, Lauren Lindquist Bockmiller, Channel Systems Inc., Pacific Panels Inc., Peter Wayne Borris, Luah Kok Lam, Tee Chin Alk and Lim Huey Wen entered into a deed of lock-up undertaking dated 3 September 2020, in favour of Company, the Sole Sponsor and the Joint Bookrunners that, he/she/it will not and, will procure that none of his/her/its associates and companies controlled by him/her/it nor any nominee or trustee holding in trust for him/her/it will, without the prior written consent of the Joint Bookrunners, at any time during the period commencing from the date of this deed until the expiry of six months from the Listing Date sell, offer to sell, contract or agree to sell, mortgage, charge, pledge, hypothecate, lend, grant or sell any option, warrant, contract or right to purchase, grant or purchase any option, warrant, contract or right to sell, or otherwise transfer or dispose of or create an encumbrance over, or agree to transfer or dispose of or create an encumbrance over, or agree to transfer or dispose of or create an encumbrance over, either directly or indirectly, conditionally or unconditionally, any of the Relevant Shares or any interest in any company or entity holding, directly or indirectly, any of the Relevant Shares, enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Relevant Shares or an interest in any Holding Entity, enter into any transaction with the same economic effect, offer or agree or contract to, or publicly announce any intention to enter into or effect. Controlling Shareholders has undertaken to and the Stock Exchange that, except pursuant to the Global Offering (including pursuant to the exercise of the Share Options), he or she shall not and shall procure that the relevant registered holder(s) of the Shares, any associates or companies controlled by him or her, or any nominees or trustees holding the Shares in trust for him or her in the period commencing on the date of this prospectus and ending on the date which is six months from the Listing Date (the “First Six-month Period”), dispose of, nor enter into any agreement to dispose of or otherwise create any options, rights, interests or encumbrances in respect of (but save pursuant to a pledge or charge as security in favour of an authorised institution (as defined in the Banking Ordinance (Chapter 155 of the Laws of Hong Kong (“Banking Ordinance”))) for a bona fide commercial loan) any of Shares or securities in respect of which he or she is shown by this prospectus to be the beneficial owner, in the period of a further six months commencing from the expiry of the First Six-month Period (the “Second Six-month Period”), dispose of, nor enter into any agreement to dispose of or otherwise create any options, rights, interests or encumbrances in respect of, (but save pursuant to a pledge or charge as security in favour of an authorised institution (as defined in the Banking Ordinance) for a bona fide commercial loan) any of the Relevant Securities if, immediately following such disposal or upon the exercise or enforcement of such options, rights, interests or encumbrances, he or she (individually) or the Controlling Shareholders (collectively) would cease to be controlling shareholder.