7,055,850 Shares of Tfe Inc. are subject to a Lock-Up Agreement Ending on 17-MAY-2024. These Shares will be under lockup for 553 days starting from 11-NOV-2022 to 17-MAY-2024.

Details:
After this public offering, the largest shareholder and the number of shares owned by related parties is 8,106,200 (71.23% after the public offering). Among them, 7,055,850 shares (62.00% after public offering) held by CEO Moon Seong-joo, the largest shareholder and two executives Seong-gyun Cho, an executive of the company, are one year and six months from the date of listing in accordance with Article 21, Paragraph 1, Item 1 of the KOSDAQ listing regulations. It must be held by the Korea Securities Depository, and the sale is restricted except in cases where the Korea Exchange deems it unavoidable. Among the largest shareholder and related parties, the remaining 1,050,350 shares (9.23% after public offering) held by Moon Soon-ja and Yun Jeong are for six months from the date of listing in accordance with Article 21, Paragraph 1, Item 1 of the KOSDAQ market listing regulations. must be held obligated to In addition, the 316,000 shares held by Park Kyung-sook and three other existing shareholders (2.78% after public offering) among the existing shareholders must be held by the Korea Securities Depository for 6 months from the date of listing pursuant to Article 21, Paragraph 1, Item 2 of the KOSDAQ listing regulations. Of the amount of this public offering, 270,000 shares allocated to the employee stock ownership association (2.37% after public offering) are restricted from withdrawal for one year from the date the stocks are deposited into the account of a member of the Korea Securities Finance Corporation.

IBK Investment & Securities, the listing broker, undertakes 81,000 shares (equivalent to 3% of the number of public offering shares, 0.71% after public offering) in accordance with Article 26, Paragraph 6 of the KOSDAQ listing regulations, and holds them for 3 months after listing.