Tranche Update on DMW Corporation's Equity Buyback Plan announced on April 24, 2019.

DMW CORPORATION is a Japan-based company principally engaged in the manufacture, installation and sale of wind and water equipment. The Company’s main business is the manufacture and sale of wind and water equipment, energy recovery equipment for seawater desalination, wastewater treatment equipment, waste treatment equipment, switchboards, electrical instrumentation control equipment and telecommunication control equipment, as well as other related works. The Company’s main products include pumps including industrial pumps, large pumps, centrifugal pumps and submersible pumps, blowers including fans and blowers, as well as valves, among others.