92,934,550 Ordinary Shares of Critical Holdings Berhad are subject to a Lock-Up Agreement Ending on 18-JUN-2024. These Ordinary Shares will be under lockup for 194 days starting from 7-DEC-2023 to 18-JUN-2024.

Details:
In accordance with Rule 3.19(1) 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 those Shares held by our Specified Shareholders as follows: (i) the moratorium applies to the entire shareholdings of our Specified Shareholders for a period of six (6) months from the date of our admission to the ACE Market (?First 6-Month Moratorium?); (ii) upon the expiry of the First 6-Month Moratorium, our Company must ensure that our Specified Shareholders? aggregate shareholdings amounting to at least 45.00% of the total number of issued ordinary shares (adjusted for any bonus issue or subdivision of Shares) of our Company remain under moratorium for another period of six (6) months (?Second 6-Month Moratorium?); and (iii) on the expiry of the Second 6-Month Moratorium, our Specified Shareholders may sell, transfer or assign up to a maximum of 1/3 per annum (on a straight-line basis) of those Shares held under moratorium. Upon Listing, our Specified Shareholders, namely Ir. Tan Si Lim and Ir. Chow Chin Seang will hold in aggregate of 70.00% of our enlarged issued share capital for the First 6-Month Moratorium and 45.00% of our enlarged issued share capital for the Second 6-Month Moratorium. Thereafter, upon the expiry of the Second 6-Month Moratorium, they may sell, transfer or assign up to a maximum of 1/3 per annum (on a straight-line basis) of those Shares held under the moratorium.