141,646,305 Ordinary Shares of Vestland Berhad are subject to a Lock-Up Agreement Ending on 31-JAN-2024. These Ordinary Shares will be under lockup for 365 days starting from 31-JAN-2023 to 31-JAN-2024.

Details:
In compliance with Rule 3.19 of the Listing Requirements and pursuant to the conditions imposed under the approval letter by Bursa Securities, a moratorium will be imposed on the sale, transfer or assignment of Shares held by Specified Shareholders, the moratorium applies to the entire shareholdings of 703,508,700 Shares held by Specified Shareholders, namely Datuk Liew and SK Wong for a period of six months from the date of Listing (?First 6-Month Moratorium?), upon the expiry of the First 6-Month Moratorium, Company must ensure that Specified Shareholders? aggregate shareholdings amounting to at least 45% of total number of issued Shares remain under moratorium for another period of 6 months (?Second 6-Month Moratorium?) and on the expiry of the Second 6-Month Moratorium, Specified Shareholders may sell, transfer or assign up to a maximum of one-third per annum (on a straight-line basis) of their Shares held under moratorium.