Certain Ordinary Shares of Karmarts Public Company Limited are subject to a Lock-Up Agreement Ending on 10-APR-2024. These Ordinary Shares will be under lockup for 182 days starting from 11-OCT-2023 to 10-APR-2024.

Details:
prohibit the sale of all newly issued shares during the period of 6 months from the first trading day of the newly issued shares on the Stock Exchange of Thailand

at the expiration of the period under (1), the person subjected to the prohibition of sale can gradually sell the prohibited shares in the amount of 25% of the total number of shares subjected to the sale prohibition and the remaining 75% of the prohibited shares can be sold after a period of 1 year from the first trading day of the Company?s newly issued shares on Stock Exchange of Thailand.

each investor agrees to commit the voluntary silent and the Investors agree to not sell all the newly issued ordinary shares within 3 years from the date such shares start trading on the stock exchange with some exceptions as specified in the Subscription Agreement.