43,535,353 Ordinary Shares of Pekat Group Berhad are subject to a Lock-Up Agreement Ending on 23-JUN-2023. These Ordinary Shares will be under lockup for 739 days starting from 14-JUN-2021 to 23-JUN-2023.

Details:
The promoter's entire shareholding after the issuance will be under moratorium for 6 months from the date of admission to the ACE Market (First 6-Month moratorium).

Thereafter, upon the expiry of First 6-Month moratorium their shareholding, amounting to 45% of total number of issued ordinary shares will remain under moratorium for another 6 months (Second 6-Month moratorium).

On the expiry of the Second 6-Month moratorium, the promoters may sell, transfer or assign a maximum of one-third per annum of their shares held under moratorium.

Hextar, a substantial shareholder of the company has voluntarily agreed to place its entire shareholding under moratorium. it will not sell, transfer or assign its shareholding under moratorium during the period of 6 months from the listing date.