Tranche Update on Fundely Co., Ltd.'s Equity Buyback Plan announced on October 17, 2022.

Fundely Co., Ltd. is a Japan-based company mainly engaged in the medical food delivery (MFD) business and the marketing business. The Company operates through two business segments. The MFD segment is mainly engaged in the home delivery of healthy food through mail-order sales, and the issuing of health food mail-order catalogs. The Marketing segment is mainly engaged in the sale of catalog magazines advertising frame, the business contract of sampling products, as well as the operation of healthy diet recipe information sites through the networks of the Company owned media and other medical institutions.