Certain Class B Shares of Vision Deal HK Acquisition Corp. are subject to a Lock-Up Agreement Ending on 10-JUN-2023. These Class B Shares will be under lockup for 366 days starting from 9-JUN-2022 to 10-JUN-2023.

Details:
The Promoters will remain as the beneficial owners of the Class B Shares for the lifetime of the Class B Shares unless (i) they are surrendered to the Company in the circumstances contemplated by the Listing Rules, or (ii) a waiver is obtained from the Stock Exchange and approval is obtained from the Shareholders, with the Promoters and their close associates abstaining from voting. Under the Listing Rules, the Promoters cannot dispose of, or enter into any agreement to dispose of or otherwise create any options, rights, interests or encumbrances in respect of any securities of the Successor Company it beneficially owns after the completion of the De-SPAC Transaction (including any securities of the Successor Company beneficially owned by the Promoters as a result of the issue, conversion or exercise of the Class B Shares or the Promoter Warrants) until 12 months after the completion of the De-SPAC Transaction. The Promoters also cannot exercise any of the Promoter Warrants they hold within 12 months after completion of the De-SPAC Transaction.