Certain Common Stock of Daiwa Cycle Co.,Ltd. are subject to a Lock-Up Agreement Ending on 5-MAY-2024. These Common Stock will be under lockup for 179 days starting from 8-NOV-2023 to 5-MAY-2024.

Details:
In connection with this offering and the secondary offering through purchase and underwriting by the underwriters, the Company's shareholders, the seller and the stock lender, Yoshio Wakumoto, the Company's shareholders, WAKUMOTO Co., Ltd., and the Company's stock acquisition rights holders, Yuji Saito and Yoichi Kaneko. has requested the lead underwriter during the period from the date of conclusion of the principal underwriting agreement to May 5, 2024, the 180th day after the listing (trading start) date (including the day) (hereinafter referred to as the "Lockup Period").