67,460,000 Shares of Plus Group Holdings Inc. are subject to a Lock-Up Agreement Ending on 10-MAY-2024. These Shares will be under lockup for 366 days starting from 10-MAY-2023 to 10-MAY-2024.
Details:
Pursuant to Rule 10.07(1) of the Listing Rules, the Controlling Shareholders have undertaken to the Company and the Stock Exchange respectively that, except pursuant to the Global Offering, the Over-allotment Option or the Stock Borrowing Agreement, they shall not, and shall procure that the relevant registered shareholder(s) shall not, without the prior written consent of the Stock Exchange or unless otherwise in compliance with the applicable requirement of the Listing Rules: (a) in the period commencing on the date by reference to which disclosure of their shareholding in our Company is made in this Prospectus and ending on the date which is six months from the Listing Date (the ?First Six-month Period?), dispose of, nor enter into any agreement to dispose of or otherwise create any options, rights, interests or encumbrances in respect of, any of those securities of the Company in respect of which they are shown by this Prospectus to be the beneficial owners; or (b) during the period of six months commencing on the date on which the First Six-month Period expires (the ?Second Six-month Period?), 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 referred to in (a) above if, immediately following such disposal, or upon the exercise or enforcement of such options, rights, interest or encumbrances, that person or group of persons would cease to be controlling shareholder(s) of the Company.
Plus Group Holdings Inc is a China-based company principally engaged in the provision of sales and marketing services. The Company mainly provides on-site sales and marketing solutions for leading FMCG (fast moving consumer goods) brands and distributors that conduct business in offline retail stores (such as supermarkets, department stores, outdoor promotions, and others.). The Company provides four main categories of services. The customized marketing solutions mainly include the implementation of customized sales and marketing plans aimed at increasing brand awareness, promoting merchandise and moving sales. The tasks and marketers matching service mainly include the implementation of standardized sales and marketing activities aimed at improving the sales performance of our clients. The marketers assignment service mainly includes assigning employee marketing personnel to perform sales and marketing duties at designated offline retail stores according to the instructions of customers, and helping to manage the human resources-related administrative affairs of such employee marketing personnel. The SaaS+ subscription mainly includes customization and subscription of ready-made digital tools.
