87,082,800 Ordinary Shares of Powerwell Holdings Berhad are subject to a Lock-Up Agreement Ending on 22-JAN-2023. These Ordinary Shares will be under lockup for 1104 days starting from 14-JAN-2020 to 22-JAN-2023.

Details:
The moratorium applies to the entire shareholdings held by the promoters for a period of 6 months from the date of admission. Upon the expiry of the First 6-Month Moratorium, aggregate shareholdings amounting to at least 45% of the total number of Shares issued remain under moratorium for another period of 6 months and thereafter Promoters may sell, transfer or assign up to a maximum of 1/3 per annum.