112,063,754 Ordinary Shares of Sancy Berhad are subject to a Lock-Up Agreement Ending on 22-MAR-2024. These Ordinary Shares will be under lockup for 366 days starting from 22-MAR-2023 to 22-MAR-2024.

Details:
In compliance with Rule 3.07 of the Listing Requirements, a moratorium will be imposed on the sale, transfer or assignment of the 463,366,077 Shares (representing approximately 68.22% of the issued share capital of our Company upon the Proposed Listing) held by our Promoters. Our Promoters, who hold any of our Shares directly or indirectly upon the Proposed Listing, have fully accepted the moratorium whereby they will not be permitted to sell, transfer or assign any part of their interest in the Shares during the moratorium period as follows): (i) The moratorium applies to the entire shareholdings of our Promoters for a period of 12 months from the date of our listing on the LEAP Market. (ii) Upon expiry of the 12-month period stated above, our Promoters? aggregate shareholding amounting to 336,191,262 Shares representing 45.00% of the enlarged number of issued Shares assuming exercise by TSS of the option to subscribe to all Option Shares pursuant to the Call Option Agreement shall remain under moratorium for further period of 36 months. In addition, TSS and Sapura Capital, have agreed to place the following shares under moratorium for a period of 12 months from the date of our admission to the Official List: (i) 67,917,426 Sancy Shares held by TSS (representing approximately 10.00% of the issued share capital of our Company upon the Proposed Listing) pursuant to the Subscription by TSS at the price of RM0.094 each. (ii) 69,586,426 Sancy Shares (representing approximately 10.25% of the issued share capital of our Company upon the Proposed Listing) held by Sapura Capital pursuant to the Acquisition by Sapura Capital at the price of RM0.094 each. Further, one of the Pre-Listing Investors (?Pre-Listing Investor AC?) who holds 9,916,667 Sancy Shares pursuant to the subscription of 2,916,667 Sancy Shares at RM0.12 per share and the receipt from Snak Holdings of 7,000,000 Sancy Shares at RM0.02 per share as the consideration for Settlement of Referral Fee, has agreed to place the 9,916,667 Sancy Shares under moratorium for a period of 12 months from the date of our admission to the Official List.