Asia Investment Fund Co., Ltd announce that it will issue common stock for gross proceeds ¥80,000,000 on January 28, 2021. The transaction will include participation from returning investor Asia Development Capital Co. Ltd. (TSE:9318) to retain 100% stake in the company through third party allotment method. The transaction has been approved by the board of director of the investor. Post the transaction, ¥40,000,000 will go to registered capital, and ¥40,000,000 will go to capital reserve. The registered capital will increase from ¥290,000,000 to ¥330,000,000.