112,319,320 Ordinary Shares of KGW Group Berhad are subject to a Lock-Up Agreement Ending on 1-FEB-2024. These Ordinary Shares will be under lockup for 195 days starting from 21-JUL-2023 to 1-FEB-2024.

Details:
The moratorium applies to the entire shareholdings held by our Specified Shareholders for a period of 6 months from the date of our admission to the Official List.

Upon the expiry of the First 6-Month Moratorium, we must ensure that our Specified Shareholders? aggregate shareholdings amounting to at least 45% of our total number of issued Shares (adjusted for any bonus issue or subdivision of shares) remain under moratorium for another period of 6 months.

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