Certain Shares of KEIWA Incorporated are subject to a Lock-Up Agreement Ending on 27-JAN-2020. These Shares will be under lockup for 90 days starting from 29-OCT-2019 to 27-JAN-2020. Details: The sellers, Keiji Nagamura and Midori Nagamura, and our Company’s shareholders, Shiho Eda, Keiji Ishida, Masao Ashikaga, KEIWA Incorporated Employee Shareholding Association, Takeshi Kubo, Yuki Nakajima, Junjiro Noguchi, Satoshi Uechi, Toshiro Kobayashi, Shinichiro Watanabe, Koji Kawashima, Naoko Kawashima, Akira Arakawa, Kenichi Harada, Takehide Kitagawa, Jiro Nishihashi, Tomoki Igarashi, Takahiro Tsuji, Nobuhiro Okita, Motohiko Okabe, Masahiro Kitamura and Kazuki Ishida, Shiho Eda, Masao Ashikaga, Junjiro Noguchi, Satoshi Uechi, Naoko Kawashima, Hideki Kato, Kunio Shimizu and Takehisa Mizutani, who hold our stock acquisition rights, Company has agreed with the lead manager that during the period from the date of signing the original underwriting contract to the 180th day (April 26, 2020) after the listing date (including the current day), we will not conduct issuance of ordinary shares of the Company, issuance of securities to be converted or exchanged for ordinary shares of the Company, or issuance of securities granted the right to acquire or receive the Company's ordinary shares without the prior written consent of the lead manager (However, this offer, green shoe options, stock splits and stock option issues, etc. are excluded). Toagosei Co., Ltd. and Dai Nippon Shoji Co., Ltd., our shareholders, have agreed with the lead manager that they will not sell the Company's common stock without the prior written consent of the lead manager, during the period from the date of the original underwriting contract to the 90th day (January 27, 2020) after the listing date (including the current day) (However, if the lead manager acquires the Company's common stock that is subject to the purchase transaction of the underwriter, the Green Shoe Option, and the sale price is 1.5 times or more than the issue price or the sale price in the Offer, etc. (Excluding sales on the Tokyo Stock Exchange, Inc. through the lead manager).