ARDEPRO Co., Ltd. hereby given notice that, at meeting of the Board of Directors on September 29, 2023, the Company resolved to change its shareholder return policy (dividend policy). Reason for Change: In "Notice Concerning the Company's Near-term Management Policy," published September 14, 2021, the Company announced that its shareholder return policy was to secure sufficient internal reserves for future business expansion while maintaining an appropriate dividend in accordance with business results, based on the dividend amounts as of the end of the previous fiscal year. As it followed this policy, the Company steadily accumulated net assets, which reached ¥8.7 billion as of the end of the fiscal year ended July 2023.

Against this background, and to render more clearly its stance of returning value to shareholders, the Company resolved to increase its annual dividend from the 37th term onward, from ¥15 per share to ¥20 per share.