1,919,565 Ordinary Shares of Niks Professional Ltd. are subject to a Lock-Up Agreement Ending on 27-APR-2024. These Ordinary Shares will be under lockup for 184 days starting from 26-OCT-2023 to 27-APR-2024.

Details:
To demonstrate their commitment to our Group, each of (1) our Chairman and CEO, Mr Cheng Shoong Tat; and (2) our President and CMO, Dr Ong Fung Chin, who hold 52,180,435 and 52,180,435 Shares respectively (representing approximately 40.1% and 40.1% of our Company?s share capital immediately after the Invitation respectively), has irrevocably and unconditionally undertaken, in relation to all the Shares held by him/her immediately after the Listing (?Lock-up Shares?), that he/she will not without the prior written consent of each of the Sponsor, Issue Manager, Underwriter and Placement Agent and our Company, directly or indirectly The Restricted Transactions shall apply to all of the Lock-up Shares from the date hereof until the date falling 12 months commencing from the Listing Date (both dates inclusive).

The Doctor Restricted Transactions shall apply to: (i) all of the Doctor Lock-up Shares from the date hereof until the date falling six (6) months from the Listing Date (both dates inclusive) (?First Lock-up Period?); and (ii) 50.0% of the Doctor Lock-up Shares from the date immediately following the expiry of the First Lock-up Period until the date falling 12 months from the Listing Date (both dates inclusive).