Certain Ordinary Shares of Swang Chai Chuan Limited are subject to a Lock-Up Agreement Ending on 18-FEB-2023. These Ordinary Shares will be under lockup for 184 days starting from 18-AUG-2022 to 18-FEB-2023.

Details:
Each of the Cornerstone Investors has agreed that it will not, whether directly or indirectly, at any time during the period of six months from the Listing Date (the “Lock-up Period”), dispose of any of the Offer Shares they have subscribed for pursuant to the relevant Cornerstone Investment Agreement, save for in certain limited circumstances, such as transfers to any of its wholly-owned subsidiaries which will be bound by the same obligations of such Cornerstone Investor, including the Lock-up Period restriction.