Certain Ordinary Shares of SMC Electric Limited are subject to a Lock-Up Agreement Ending on 1-JUN-2021. These Ordinary Shares will be under lockup for 365 days starting from 1-JUN-2020 to 1-JUN-2021. Details: The controlling shareholders of the company, comprising of Yung Kwok Kee Billy, Red Dynasty Investments Limited, and Shell Electric Holdings Limited, have agreed not to offer any shares for a period of six months from the listing date, expected to be June 2, 2020. They have agreed not to offer any such shares for an additional six month period, if following such disposal, they cease to be the controlling shareholders of the company. A total of 1,500,000,000 shares are under lock up.