Certain Ordinary Shares of Readboy Education Holding Company Limited are subject to a Lock-Up Agreement Ending on 12-JAN-2023. These Ordinary Shares will be under lockup for 185 days starting from 11-JUL-2022 to 12-JAN-2023.

Details:
sPursuant to Rule 10.07(1) of the Listing Rules, the Controlling Shareholders have undertaken to the Stock Exchange that except and for the circumstances permitted under the Listing Rules or pursuant to the stock borrowing agreement which may be entered into by any of the Controlling Shareholders and the Stabilizing Manager, they shall not and shall procure that each of their respective associates or companies controlled by them or their respective nominees or trustees (as the case may be) in whose name the Shares are registered (the “Relevant Registered Holders”) shall not: (a) in the period commencing on the date by reference to which disclosure of their shareholding in the Company is made in the Prospectus and ending on the date which is six months from the Listing Date, dispose of, nor enter into any agreement to dispose of or otherwise create any options, rights, interests or encumbrances in respect of, any of the Shares or other securities of the Company in respect of which they are shown by the Prospectus to be the beneficial owners (whether direct or indirect); and (b) in the period of six months commencing on the date on which the period referred to in the preceding paragraph expires, dispose of, nor enter into any agreement to dispose of, or otherwise create any options, rights, interests or encumbrances in respect of, any of the Shares or other securities referred to in the preceding paragraph if, immediately following such disposal or upon the exercise or enforcement of such options, rights, interests or encumbrances, they would cease to be controlling shareholders (as defined in the Listing Rules) of the Company.