106,818,750 Ordinary Shares of Wellspire Holdings Berhad are subject to a Lock-Up Agreement Ending on 13-JAN-2024. These Ordinary Shares will be under lockup for 365 days starting from 13-JAN-2023 to 13-JAN-2024.

Details:
In compliance with Rule 3.19(1) of the Listing Requirements, a moratorium will be imposed on the sale, transfer or assignment of Shares held by Specified Shareholders the moratorium applies to Specified Shareholders? entire shareholdings for a period of 6 months from the date of admission to the Official List (?First 6-Month Moratorium?).

The promoters have also agreed not to dispose off an aggregate of 45% of the shareholdings for a further period of 6 months, commencing upon the expiry of the first 6-month period. Thereafter, the promotors may sell, transfer or assign up to a maximum of one-third per annum under moratorium.

Upon the expiry of the Second 6-Month Moratorium, Specified Shareholders may sell, transfer or assign up to a maximum of one-third (1/3) per annum (on a straight-line basis) of their Shares held under moratorium.