A.C HOLDINGS Co.,Ltd. announced a private placement of 90,000,000 shares at ¥45 per share for proceeds of ¥4,050,000,000 and 600,000 6th stock acquisition rights at ¥153 per warrant for proceeds of ¥91,800,000 for an aggregate proceeds of ¥4,141,800,000 on December 7, 2021. Each 6th stock acquisition rights can be exercised for 100 common shares of the company at an exercise price of ¥58 per share. The payment date is January 14, 2022.

The transaction will take place through third party allotment. The transaction will include participation from existing investor Access Asia Co., Ltd. which will purchase 50,000,000 shares for ¥2,250,000,000, 475,000 stock acquisition rights for ¥72,675,000 and M-Cred, Inc. will purchase 40,000,000 shares for ¥1,800,000,000, 125,000 stock acquisition rights for ¥19,125,000. The company will incur ¥140,502 as total cost for the transaction, including ¥14,175 for Registration fee; ¥4,000 for attorney's fees; ¥1,000 for Scheduled allocation destination Survey cost; ¥2,000 for Price calculation cost for stock acquisition rights, ¥2000 for Stock price calculation cost, ¥3,000 for Support business expenses such as securities registration statement preparation and ¥114,327 for Outsourcing costs for procedure management, etc.

(1.5% of the procurement amount of this third-party allotment. The company announced that the transaction has been approved by its board of directors. The transaction is subject approval from company's shareholders in a meeting to be held on December 30, 2021.