1,097,497,600 Options of Raslag Corporation are subject to a Lock-Up Agreement Ending on 4-DEC-2022. These Options will be under lockup for 181 days starting from 6-JUN-2022 to 4-DEC-2022.

Details:
An applicant company shall cause its existing stockholders who own an equivalent of at least 10% of the issued and outstanding shares of stock of the company to refrain from selling, assigning or in any manner disposing of their shares for a period of One hundred eighty (180) days after the listing of said shares if the applicant company meets the track record requirements; or three hundred sixty-five (365) days after the listing of said shares if the applicant company is exempt from the track record and operating history requirements.

If there is any issuance or transfer of shares (i.e., private placement, asset for shares swap or a similar transaction) or of instruments which leads to an issuance or transfer of shares (i.e., convertible bonds, warrants or a similar instrument) done and fully paid for within one hundred eighty (180) days prior to the start of the Offering Period, or, prior to the listing date in the case of applicant companies listing by way of introduction, and the transaction price is lower than that of the offer price in the initial public offering or than that of the listing price in the case of applicant companies listing by way of introduction, all shares availed of shall be subject to a lock-up period of at least three hundred sixty-five (365) days from the full payment of the aforesaid shares.

To implement this lock-up requirement, the PSE requires the Company and its relevant shareholders to lodge the shares with the PDTC through a participant of the PDTC system for the electronic lock-up of the shares or to enter into an escrow agreement with the trust department or custodian unit of an independent and reputable financial institution.

Existing shareholders of the Company who own an equivalent of at least 10% of the issued and outstanding Common Shares as of the Listing Date cannot sell, assign or in any manner dispose of their shares for a period of one hundred eighty (180) days after the Listing Date. The directors and officers have also voluntarily agreed to subject their current shareholdings to the same lock-up period.

1,097,497,600 Overallotment Option is fully exercised are covered by the 180-day lock-up period.