101,761,550 Ordinary Shares of Glostrext Berhad are subject to a Lock-Up Agreement Ending on 15-FEB-2024. These Ordinary Shares will be under lockup for 195 days starting from 4-AUG-2023 to 15-FEB-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 the moratorium applies to the entire shareholdings of our Specified Shareholders for a period of 6 months from the date of our admission to the ACE Market (?First 6-Month Moratorium?), upon the expiry of the First 6-Month Moratorium, our Company must ensure that our Specified Shareholders? aggregate shareholdings amounting to at least 45.0% of the total number of issued ordinary shares remain under moratorium for another period of 6 months (?Second 6-Month Moratorium?) and 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.