200,000 Common Stock of TOP MATERIAL Co., Ltd are subject to a Lock-Up Agreement Ending on 18-OCT-2023. These Common Stock will be under lockup for 365 days starting from 18-OCT-2022 to 18-OCT-2023.

Details:
The stocks held by the largest shareholder and the company's executives are obligatory for 6 months from the date of listing in accordance with Article 26 (1) 1 of the KOSDAQ Listing Regulations.

The stocks held by the largest shareholder, Corwin Tech Co., Ltd. and CEO Noh Hwan-jin, are mandatory for a holding period of a total of 3 years from the listing date, by setting a voluntary holding period of 2 years and 6 months, in addition to the 6 months subject to mandatory holding, in accordance with the Korea Exchange KOSDAQ Listing Regulations, to strengthen management stability. Stocks are subject to sale restrictions for 3 years from the date of purchase.

In the case of other executives of the Company, a mandatory holding period of 6 months from the date of listing has been pledged, and some individual shareholders, including those holding 1% or more, have set a mandatory holding period for 6 months to 1 year from the listing date to enhance stock stability.