Certain Ordinary Shares of Kwan Yong Holdings Limited are subject to a Lock-Up Agreement Ending on 9-JAN-2021. These Ordinary Shares will be under lockup for 368 days starting from 7-JAN-2020 to 9-JAN-2021. Details: The controlling shareholders of the company, namely, Kwan, Tay, and the company wholly owned by Kwan and Tay, namely, Ideal Smart have agreed to lock-up restrictions for a period of six months after the listing date. Which is expected to be January 08, 2020. 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.