Certain Ordinary Shares of GDB Holdings Berhad are subject to a Lock-Up Agreement Ending on 27-MAR-2022. These Ordinary Shares will be under lockup for 1466 days starting from 22-MAR-2018 to 27-MAR-2022.

Details:
The promoters of the company, namely, CHC Holdings Sdn Bhd and Alexander Lo Tzone Leong have agreed to lock up restriction of 6 months from the date of admission of securities, which is expected to be March 27, 2018.

The have also agreed to lock up restriction of further six months with respect to at least 45% upon the expiry of first lock up period.

Upon the expiry of second lock up period, the promoters may sell, transfer or assign up to a maximum of one third per annum.