Certain Common Stock of EcoNaviSta, Inc. are subject to a Lock-Up Agreement Ending on 21-JAN-2024. These Common Stock will be under lockup for 179 days starting from 26-JUL-2023 to 21-JAN-2024.

Details:
Cocoa Asset Co., Ltd., the seller and lender of shares, and GMS Co., Ltd., the Company's shareholder, will request the lead managing company to be listed from the date of conclusion of the primary underwriting contract During the period up to July 19, 2024, which is 360 days after the (trading start) date (including the day), without the prior written consent of the lead managing company, (Excluding the lending of the Company's common stock for the purpose of secondary offering by way of buying and receiving transactions and secondary offering by way of over-allotment). In addition, Hulic Co., Ltd., Tokyo Gas Co., Ltd., and Sony Group Inc., who are the Company's shareholders, and Kimito Watanabe, Shuichi Nakamoto, Kazuhiro Nomura, Terunori Yasuda, Masashige Sugisaki, and Katsumoto, who are the Company's stock acquisition right holders. Yuta, Yuki Ikeda, Daisuke Kidooka, Daisuke Kawamata, Satoru Tomokiya, Keisuke Abe, Keisuke Okada, and 17 others will contact the lead managing company from the date of conclusion of the primary underwriting contract to the date of listing (trading start) (including the day). It has been agreed that during the period until January 21, 2024, which is the next 180 days, there will be no sale, etc. of the common stock of the Company without the prior written consent of the lead managing company.

In addition, the Company will provide the lead manager with advance notice of the lead manager during the period from the date of conclusion of the principal underwriting agreement to January 21, 2024, which is 180 days after the listing (trading start) date (including the day). without the written consent of, stock split, issuance of subscription rights to shares as stock options, and secondary offering through over-allotment, a third-party allotment of shares to the lead managing company, which was resolved at the Board of Directors meeting held on June 21, 2023 etc.), etc.

In any of the above cases, the lead managing company has the authority to cancel part or all of the content of the agreement at its discretion even during the above 180-day or 360-day lockup period. increase. In addition to the above, based on the provisions of the Securities Listing Regulations Enforcement Regulations established by the exchange, the Company will continue to hold shares with the recipient of the allotment of shares, etc. through third-party allotment before listing. etc. For details, please refer to ?Part 4. Public Offering Information, 2. Overview of Third-Party Allotment, etc.?