Tranche Update on Kitano Construction Corp.'s Equity Buyback Plan announced on March 31, 2023.

KITANO CONSTRUCTION CORP. is a Japan-based company mainly engaged in the plan, design, construction management and consulting for construction work. The Company operates through four business segments. The Construction segment is involved in the construction work and civil engineering work, incidental development business and solar power generation business, as well as the general management and security of buildings. The Golf Course segment is involved in the operation of Kawanakajima Country Club. The Hotel segment is involved in the hotel management of Solomon Kitano Mendana Hotel and Hotel Duparc Hanoi, as well as the hotel in Nagano City. The Advertising Agency segment is involved in the operation of advertising agencies.