48,750,000 Ordinary Shares of Econframe Berhad are subject to a Lock-Up Agreement Ending on 27-OCT-2023. These Ordinary Shares will be under lockup for 1107 days starting from 15-OCT-2020 to 27-OCT-2023.

Details:
The moratorium applies to the entire shareholdings held by the promoters, Lim Chin Horng and Lim Saw Nee for a period of 6 months from the date of admission. Upon the expiry of the first 6-Month moratorium, aggregate shareholdings amounting to at least 45% of the total number of shares issued remain under moratorium for another period of 6 months and thereafter promoters may sell, transfer or assign up to a maximum of 1/3 per annum of those shares held under moratorium.