Certain Shares of AS APF Holdings are subject to a Lock-Up Agreement Ending on 7-MAY-2024. These Shares will be under lockup for 183 days starting from 6-NOV-2023 to 7-MAY-2024.

Details:
SIA ?J.A. Investment Holdings?, which owns 78.51% of the Company?s Shares before the Offering, has agreed without the prior written consent of the Company not to, directly or indirectly, sell, contract to sell, exercise any option to sell, or otherwise dispose of more than 5% (five percent) first 6 (six) months or more than 10% (ten percent) 7 (seven) to 12 (twelve) months of the Shares of the Company owned by him during the period commencing on the date of the lock-up agreement (entered into on or about the start of the Offer Period) and ending after the lapse of 12 (twelve) calendar months from the date of the lock-up agreement, save as may be stated otherwise in this section of the Prospectus. The same restriction shall apply to any securities convertible into or exchangeable for the Shares of the Company and to any swap or other agreement or any transaction, the economic consequence of which would be the transfer of the ownership of the Shares of the Company. Under the lock-up agreement the Shareholder has agreed not to, directly, or indirectly take any action designed to or that might reasonably be expected to cause or result, in stabilisation or manipulation of the price of any security of the Company to facilitate the sale or resale of the Shares of the Company. The Company is not entitled to unreasonably withhold its consent, provided that the proposed new owner of the locked-up shares of the Company has executed or has committed to execute a lock-up agreement on similar terms for the remaining term of the lock up period.