Certain Common Stock of Upcon Corporation are subject to a Lock-Up Agreement Ending on 23-JUN-2023. These Common Stock will be under lockup for 179 days starting from 26-DEC-2022 to 23-JUN-2023.

Details:
Nobukazu Matsufuji, an officer and lender of the Company, Tomoko Iizuka, Go Kuwata, Tetsuro Ema, Koji Kawaguchi, and major shareholders of the Company, in relation to the offering and the secondary offering by the underwriters AQUAPLECON CORPORATION, Mayumi Matsufuji, Karin Matsufuji, Nanki Matsufuji, and Michie Senge will provide the lead managing company with the following information after the date (including the day) of listing (commencement of trading) of the common stock of the Company on the Nagoya Stock Exchange Next Market. During the period of 180 days until June 23, 2023 (hereinafter referred to as the “Lockup Period”), without the prior written consent of the lead underwriter Agreed to not engage in a secondary offering by way of underwriting, lending of the Company's common stock for a secondary offering by way of an over-allotment, or acquisition of the Company's common stock subject to a green shoe option by the lead managing company, etc.).