Certain Units of Heiwa Real Estate REIT, Inc. are subject to a Lock-Up Agreement Ending on 21-DEC-2023. These Units will be under lockup for 181 days starting from 23-JUN-2023 to 21-DEC-2023.

Details:
At the time of the public offering, the designated party shall negotiate with the joint lead managing company for the period starting on the issue price determination date and ending 180 days after the delivery date in writing in advance by the joint lead managing company.