Certain Common Stock of Coxem Co., Ltd are subject to a Lock-Up Agreement Ending on 23-MAR-2024. These Common Stock will be under lockup for 36 days starting from 16-FEB-2024 to 23-MAR-2024.

Details:
The shareholders has agreed for a lock-up of 3 years from the listing date.

Sale of 197,562 shares is restricted for 2 years from the listing date.

The largest shareholder has agreed for a lock-up one year from the listing date.

Some shareholders has agreed for a lock-up of 1 months, 2 months and 3 months from the listing date.

Pursuant to Article 26, Paragraph 1, Subparagraph 5 of the KOSDAQ Market Listing Regulations, it is mandatory to retain shares for 6 months from the listing date for management transparency, management stability, and investor protection.