Certain Common Stock of ENECHANGE Ltd. are subject to a Lock-Up Agreement Ending on 20-JUN-2021. These Common Stock will be under lockup for 179 days starting from 23-DEC-2020 to 20-JUN-2021.

Details:
Yohei Shiroguchi, a stock lender, and Ippei Arita, a shareholder of the Company, have agreed with the lead managing underwriter that they will not sell shares (However, this excludes the lending of the Company's common stock for sale through over-allotment) during the period from the conclusion of the principal underwriting contract to June 20, 2021, which is the 180th day after the listing date, including the day, without the prior written consent of the lead managing underwriter.

Shareholders, Energy Station Company Limited, Epco Co., Ltd., Daiwa Energy Infrastructure Co., Ltd., Sumitomo Corporation, Idemitsu Kosan Co., Ltd., SK Gas USA Inc, Minoru Takeda, Akihiko Mori, Shinichiro Yoshihara, Hokuriku Electric Power Business Investment Joint Company, Shiroguchi Shokai Co., Ltd., Tomoya Kawanishi, Masayuki Tanaka, Looop Co., Ltd., Tokyo Gas Co., Ltd., Shota Kusama, Makoto Iyobe, Tatsuya Sogano, Takuya Sugimoto, Takahiro Kashiwagi, Kazumine Igahara, Yuya Taki, Chishima Tota, Satoru Hasegawa, Daiki Takagi, Ryosuke Hoshi, Naohiro Sakuma and Mitsuru Ogasawara; in addition, Yuki Nakamura, Kenta Kamishima, Tokiko Nakata, Takahiro Igarashi and Aya Ihara, who are the holders of the stock acquisition rights of the Company, B Dash Fund No. 2 Investment Limited Partnership, BIG No. 1 Investment Limited Partnership, Spiral Capital Japan Fund No. 1 Investment Limited Partnership, Kohei Terada, Mizuho Growth Support No. 2 Investment Limited Partnership, Atsuo Shiraki, Resona Capital No. 4 Investment Limited Partnership, Nantes CVC Investment Limited Partnership, Ikeda Senshu Capital New Business Fund No. 5 Investment Limited Partnership and Atsushi Watanabe have agreed with the lead managing underwriter that during the period from the conclusion of the principal underwriting contract to March 22, 2021, which is the 90th day after the listing (starting of trading) date (including the day), they will not sell shares without the prior written consent of the lead managing underwriter (However, the sale price is 1.5 times or more the issue price in the "1st Offering Guidelines" and excludes sales on the Tokyo Stock Exchange through the lead managing underwriter.)