42,612,933 Ordinary Shares of Sheffield Green Ltd. are subject to a Lock-Up Agreement Ending on 30-APR-2024. These Ordinary Shares will be under lockup for 186 days starting from 27-OCT-2023 to 30-APR-2024.

Details:
Kee Boo Chye, who is deemed a promoter of the company due to his controlling shareholding interest in Sheffield Energies Pte. Ltd. which in turn is a controlling shareholder in the company, has given an undertaking to the Sponsor, Issue Manager and Joint Placement Agent and the Underwriter and Joint Placement Agent that, among other things, he will not, subject to certain exemptions, without the prior consent of the Sponsor, Issue Manager and Joint Placement Agent and the Underwriter and Joint Placement Agent, directly or indirectly: (a) sell, contract to sell, offer, realise, transfer, assign, pledge, grant any option to purchase, grant any security over, encumber or otherwise dispose of, any part of his shares in the capital of Sheffield Energies Pte. Ltd. (?KBC?s Holdco Shares?). The foregoing restriction shall apply to all KBC?s Holdco Shares held by Mr. Kee Boo Chye immediately after the Offering, being 8,514,739 shares (representing 58.35%) of the Holdco?s share capital from the date of his lock-up undertaking until the date falling twelve (12) months from the Listing Date.

Sheffield Energies Pte. Ltd., which is deemed to be a promoter of the Company, has given an undertaking to the Sponsor, Issue Manager and Joint Placement Agent and the Underwriter and Joint Placement Agent that, among other things, it will not, subject to certain exemptions, without the prior consent of the Sponsor, Issue Manager and Joint Placement Agent and the Underwriter and Joint Placement Agent, directly or indirectly: sell, contract to sell, offer, realise, transfer, assign, pledge, grant any option to purchase, grant any security over, encumber or otherwise dispose of, any part of its shares in the capital of the Company (the ?Holdco Lock-Up Shares?). The foregoing restriction shall apply to all the Holdco Lock-Up Shares held by Sheffield Energies Pte. Ltd. immediately after the Offering, being 135,735,600 Shares (representing 72.88%) of the Company?s post-Offering share capital from the date of its lock-up undertaking until the date falling six (6) months from the Listing Date (both dates inclusive) (the ?First Lock-Up Period?) and to 50.0% of the Holdco Lock-Up Shares for the period commencing on the day immediately following the expiry of the First Lock-Up Period until the date falling 12 months from the Listing Date (both dates inclusive) (the ?Second Lock-Up Period?).

Shares of Wee Choo Chuan and Lim Chin Hian shares are in lock in for 12 months from the Listing Date.