72,560,000 Ordinary Shares of LMS Compliance Ltd. are subject to a Lock-Up Agreement Ending on 1-JUN-2023. These Ordinary Shares will be under lockup for 183 days starting from 30-NOV-2022 to 1-JUN-2023.

Details:
To demonstrate their commitment to our Group, each of Louis May Pte. Ltd. and Fitcorp Value Pte.Ltd. has given an undertaking to the Company, the Sponsor and Issue Manager, and the Placement Agent that it, will not, in respect of any or all of the Moratorium Shares, for a period of six (6) months commencing from the date of admission of Company to Catalist.

The Restrictions shall apply to all Shares held by Louis May Pte. Ltd. and Fitcorp Value Pte. Ltd. immediately after the Listing, being 72,560,000 Shares representing 82.99% of the issued share capital of the Company after the Placement. Each of the Promoters has also undertaken to comply with the Restrictions in respect of 50.0% of the Moratorium Shares for the next six (6) month period after the First Moratorium Period.

ZICO Capital, who holds 875,000 Shares representing approximately 1.00% of the issued share capital of the Company after the Placement, has also undertaken to comply with the Restrictions in respect of its shareholding interests in our Company for a period of three (3) months from the date of admission of Company to Catalist.