Certain Ordinary Shares of Global New Material International Holdings Limited are subject to a Lock-Up Agreement Ending on 15-JUL-2022. These Ordinary Shares will be under lockup for 371 days starting from 9-JUL-2021 to 15-JUL-2022.
Details:
The controlling shareholders has undertaken that they will not offer any shares in the period commencing on the date of this prospectus and ending on the date which is six months from the listing date. The shares held by controlling shareholders will be subject to a lock-up of further six months from the expiry of first lock-up period such that on disposal of such shares they cease to be a controlling shareholder of the company.