121,612,500 Ordinary Shares of Betamek Berhad are subject to a Lock-Up Agreement Ending on 26-APR-2023. These Ordinary Shares will be under lockup for 196 days starting from 12-OCT-2022 to 26-APR-2023.

Details:
In compliance with the Listing Requirements, a moratorium will be imposed on the sale, transfer or assignment of those Shares held by our Specified Shareholder namely Iskandar Holdings as follows:
(i) The moratorium applies to the entire shareholdings of our Specified Shareholder for a period of 6 months from the date of our admission to the ACE Market (“First 6- Month Moratorium”)
(ii) upon the expiry of the First 6-Month Moratorium, we must ensure that the Promoters' aggregate shareholdings amounting to at least 45.00% of the total number of issued Shares (adjusted for any bonus issue or subdivision of shares) remain under moratorium for a further 6 months (“Second 6-Month Moratorium”).
(iii) On the expiry of the Second 6-Month Moratorium, our Specified Shareholder 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.