Tranche Update on AP Company Co., Ltd.'s Equity Buyback Plan announced on November 17, 2015.

AP Holdings Co Ltd, formerly AP Company Co Ltd, is a Japan-based company mainly engaged in the manufacture, distribution and sale of chickens, fishes and other food products by production and distribution directly connected model. The Company operates in two business segments. The Production and Distribution segment is involved in the selection, production, processing and sale of ingredients through local subsidiaries, and the provision of distribution solutions such as distribution costs, freshness, surplus parts and store delivery frequency, as well as the food and beverage distribution business, the production and processing of local chickens and fresh fishes, the trading and sale of fruits and vegetables, and the operation of poultry farms and ranches. The Sales segment is involved in the sale of branded products through creating brand stories, as well as the operation of restaurants and licensed stores.