Certain Shares of Sunwels Co.,Ltd. are subject to a Lock-Up Agreement Ending on 24-SEP-2022. These Shares will be under lockup for 89 days starting from 27-JUN-2022 to 24-SEP-2022.

Details:
sRyota Naeshiro, the seller and lender, and Kyou Co., Ltd., a shareholder of the Company, will be listed on the lead managing underwriter from the date of the conclusion of the original underwriting agreement in connection with the offering and the sale by the underwriter. During the period until September 24, 2022, which is the 90th day after the start of trading (including the day), the sale of the Company's common stock, etc. (however, of the underwriter) without the prior written consent of the lead managing underwriter.