51,000,000 Ordinary Shares of Ecoscience International Berhad are subject to a Lock-Up Agreement Ending on 18-JUL-2023. These Ordinary Shares will be under lockup for 375 days starting from 8-JUL-2022 to 18-JUL-2023.

Details:
In compliance with the Listing Requirements, a moratorium will be imposed on the sale, transfer or assignment of Shares held by our Promoters, the moratorium applies to their entire shareholdings for a period of 6 months from the date of our Listing (?First 6-Month Moratorium?).

Upon the expiry of the First 6-Month Moratorium, we must ensure that their aggregate shareholdings amounting to at least 45% of our total number of issued shares of our Company (adjusted for any bonus issue or subdivision of shares) remain under moratorium for a further 6 months (?Second 6-Month Moratorium?);

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