234,375,000 Ordinary Shares of Unitrade Industries Berhad are subject to a Lock-Up Agreement Ending on 14-JUN-2024. These Ordinary Shares will be under lockup for 743 days starting from 2-JUN-2022 to 14-JUN-2024.

Details:
A moratorium will be imposed on the sale, transfer or assignment of those Shares held by Promoters as follows: (a) The moratorium applies to the entire shareholdings of Promoters for a period of 6 months from the date of admission to the ACE, (b) upon the expiry of the First 6-Month Moratorium, the company must ensure that Promoter's 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, Promoters 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.