Certain Common Stock of Angel Robotics Co., Ltd. are subject to a Lock-Up Agreement Ending on 26-APR-2024. These Common Stock will be under lockup for 38 days starting from 19-MAR-2024 to 26-APR-2024.

Details:
Among the 14,014,976 shares of our company scheduled to be listed (common stock), including the stocks scheduled for public offering and the mandatory underwriting of the listing arranger, CEO Kyung-cheol Gong, the largest shareholder, holds 3,467,560 shares (24.74% share based on the number of scheduled shares to be listed, 23.20 share based on conversion to preferred stock). According to Article 26, Paragraph 1, Item 1 of the KOSDAQ Market Listing Regulations, the mandatory holding period is 1 year from the listing date, but after listing, the mandatory holding period is voluntarily added for 2 years for stable management and investor protection measures. It is required to be held at the Korea Securities Depository for 3 years from the listing date. The mandatory holding period for the 757,280 shares (5.40% stake based on the number of shares scheduled to be listed, 5.07% stake based on preferred stock conversion) held by CEO Gong Gyeong-cheol and other executives of the company is also Article 26, Paragraph 1, Subparagraph 1 of the ?KOSDAQ Market Listing Regulations?. According to the Korea Securities Depository, the mandatory holding period is 1 year from the listing date, but in order to ensure stable management and investor protection after listing, the mandatory retention period of 2 years is voluntarily added to the Korea Securities Depository for 3 years from the listing date

Among the stocks held by venture finance, professional investors, and other shareholders, 5,058,430 shares (stake ratio 36.09% based on the number of stocks scheduled to be listed, 33.85% equity ratio after conversion to preferred stock) In order to protect investors and improve stock price stability, we plan to carry out voluntary mandatory holding for 1 month/2 months/3 months/1 year in accordance with Article 26, Paragraph 1, Item 7 of the KOSDAQ Market Listing Regulations.