Certain Ordinary Shares of Zero2IPO Holdings Inc. are subject to a Lock-Up Agreement Ending on 30-DEC-2021. These Ordinary Shares will be under lockup for 366 days starting from 29-DEC-2020 to 30-DEC-2021.

Details:
The Controlling Shareholders have undertaken to the Stock Exchange and the Company that, in the period commencing on the date by reference to which disclosure of their shareholding is made in this prospectus and ending on the date which is six months from the Listing Date, 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 securities of the Company. And, in the period of a further six months commencing on the Listing Date, dispose of, nor enter into any agreement to dispose of, or otherwise create any options, rights, interests or encumbrances of any of the securities of the Company.

Pursuant to the Hong Kong Underwriting Agreement, the Controlling Shareholders have undertaken that, at any time from the date of the Hong Kong Underwriting Agreement up to and including the date falling six months after the Listing Date, offer, allot, issue, sell, accept subscription for, offer to allot, issue or sell, contract or agree to allot, issue or sell, assign, grant or sell any option, warrant, right or contract to purchase, purchase any option or contract to sell, grant or agree to grant any option, right or warrant to purchase or subscribe for, or otherwise transfer or dispose of, or agree to transfer or dispose of, either directly or indirectly, conditionally or unconditionally, or repurchase, any legal or beneficial interest in any Shares or other securities of the Company, enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of subscription or ownership (legal or beneficial) of any Shares or other securities of the Company, offer to or contract to or agree to announce, or publicly disclose that the Company will or may enter into any such transaction.

Additionally, the Controlling Shareholders will not enter any of the foregoing transactions described previously, during the period of six months commencing on the date on which the First Six-Month Period expires, i.e., the Second Six-Month Period.