Certain Ordinary Shares of Shimao Services Holdings Limited are subject to a Lock-Up Agreement Ending on 29-APR-2021. These Ordinary Shares will be under lockup for 182 days starting from 29-OCT-2020 to 29-APR-2021.

Details:
Controlling shareholders have undertaken they will not, and shall procure that the registered holders will not in the period commencing on the date of this prospectus and ending on the date which is six months from the listing date (the First Six-Month Period), dispose of, or enter into any agreement to dispose of or otherwise create any options, rights, interests or encumbrances in respect of, any of the shares or securities of the company.

In the period of six months commencing on the date on which the first six-month period expires (the second six-month period), 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 relevant securities if, immediately following such disposal or upon the exercise or enforcement of such options, rights, interests or encumbrances, they would cease to be a group of controlling shareholders of the company.

A total of 1,564,706,000 shares held by the the controlling shareholders and 1,602,398,501 held by the the warranting shareholders are subject to Lock-up.