100,200,000 Ordinary Shares of Pappajack Berhad are subject to a Lock-Up Agreement Ending on 1-APR-2023. These Ordinary Shares will be under lockup for 374 days starting from 23-MAR-2022 to 1-APR-2023.

Details:
The promoters have agreed not to dispose off entire shareholding for a period of 6 months from the admission date.

The promoters have also agreed not to dispose off an aggregate of 45% of the shareholdings for a further period of 6 months, commencing upon the expiry of the first 6-month period. Thereafter, the promotors may sell, transfer or assign up to a maximum of one-third per annum under moratorium.