Certain Common Stock of GRID Inc. are subject to a Lock-Up Agreement Ending on 4-OCT-2023. These Common Stock will be under lockup for 89 days starting from 7-JUL-2023 to 4-OCT-2023.

Details:
In connection with the offering and the secondary offering by way of purchase and acceptance by the underwriters, We Co., Ltd. , the lender and seller, and the Company's shareholders, Mitsui & Co., Ltd., Marubeni Corporation, and ITOCHU Corporation , act as the lead managing company. However, during the period from the date of conclusion of the principal underwriting agreement to October 4, 2023, which is 90 days after the listing (trading start) date (including the day), without the prior written consent of the lead managing company, We have agreed not to sell shares, etc. (however, this excludes the sale of shares by underwriters through purchase and acceptance and the lending of common shares of the Company for sale by over-allotment