Tranche Update on Tokai Lease Co.,Ltd.'s Equity Buyback Plan announced on March 8, 2023.

TOKAI LEASE CO., LTD. is primarily engaged in the lease and sale business of temporary buildings, unit houses and related fixtures and fittings. The Lease and Sale of Temporary Buildings segment leases and sells temporary buildings, and parts and materials. The Lease and Sale of Fixtures and Fittings segment leases and sells related fixtures and fittings. The Lease and Sale of Unit Houses segment leases and sells unit houses, and sanitary mobile buildings such as toilets. In China, the Company is only involved in the lease and sale business of temporary buildings through the local subsidiaries. Besides, the Company also provides transport, construction and repair work.