120,000,000 Ordinary Shares of SFP Tech Holdings Berhad are subject to a Lock-Up Agreement Ending on 20-JUN-2023. These Ordinary Shares will be under lockup for 377 days starting from 8-JUN-2022 to 20-JUN-2023.

Details:
The moratorium applies to the company's Promoter's entire shareholdings for a period of 6 months from the date of our admission to the ACE Market ("First 6-Month Moratorium").

Upon the expiry of the First 6-Month Moratorium, the company must ensure that the Promoter's aggregate shareholdings amounting to at least 45% of the issued ordinary share capital remain under moratorium for a further 6 months ("Second 6-Month Moratorium"); and upon the expiry of the Second 6-Month Moratorium, the Promoter may sell, transfer or assign up to a maximum of one third (1/3) per annum (on a straight line basis) of its Shares held under moratorium.