Tranche Update on Daiwabo Holdings Co., Ltd.'s Equity Buyback Plan announced on May 12, 2022.

Daiwabo Holdings Co.,Ltd. is a Japan-based company mainly engaged in manufacture, processing and sale of textile products, sale of information equipment, manufacture and sale of machine tools. It has four business segments. Information Technology Infrastructure Distribution business sells computer and peripheral equipment, provides one-stop services of logistics and technical services, provides solution business of system development, network construction. Textiles business is engaged in manufacture, processing and sale of synthetic cotton, non-woven products, industrial materials products, textiles, knits, secondary products. Industrial Machinery business manufactures and sells machine tools, automatic machines. It is also engaged in hotel business, real estate leasing and management, provision of general affairs, personnel and financial services, development and operation of information processing systems, civil engineering and construction, insurance agency and finance business.