Certain Common Stock of Columbia Works Inc. are subject to a Lock-Up Agreement Ending on 26-JUN-2024. These Common Stock will be under lockup for 91 days starting from 27-MAR-2024 to 26-JUN-2024.

Details:
In connection with this offering and the secondary offering through purchase and underwriting by the underwriters, Jun Nakauchi, the stock lender and seller, Naoya Mizuyama, the seller, and Nstyle Co., Ltd., a shareholder of the company, have sent the following to the lead manager: During the period from the date of execution of the principal underwriting agreement until June 24, 2024, which is the 90th day after the listing (trading start) date (including the day), no purchase of the Company's common stock shall be made without the prior written consent of the lead manager. We have agreed not to conduct any sales, etc. (excluding the lending of our common stock for secondary sales by underwriters and secondary sales by over-allotment).

In addition, the company will provide the lead manager with prior documentation from the lead manager during the period from the date of conclusion of the principal underwriting agreement until September 22, 2024, which is the 180th day after the listing (trading start) date (including the day). Without the consent of in connection with the stock split, the issuance of stock acquisition rights as stock options, and the secondary offering through over-allotment, capital increase through third-party allotment to the lead manager company, etc., resolved at the board of directors meeting held on February 20, 2024, etc.