JAPAN FOODS HOLDING LTD.

(Incorporated in the Republic of Singapore on 3 December 2007) (Company Registration No. 200722314M)

BUSINESS UPDATE

The board of directors of Japan Foods Holding Ltd. (the "Company" and together with its subsidiaries, the "Group") refers to the Company's business update announcement dated 25 May

2021. The Board would like to further update shareholders of the following:

  1. Opening of new restaurants

Brand

Location

Commencement

of operation

"Shitamachi Tendon

NEX

12 June 2021

Akimitsu"

23 Serangoon Central

(Converted from

#03-06

"Ajisen Ramen"

Singapore 556083

brand restaurant.)

"Cafe Kuriko"

Funan

17 June 2021

107 North Bridge Road,

#01-11

Singapore 179105

"Tokyo Shukudo"

Lot One

10 August 2021

21 Choa Chu Kang Ave 4

#B1-12/13

Singapore 689812

"Tokyo Shukudo"

City Square Mall

13 August 2021

180 Kitchener Road

#02-39/40

Singapore 208539

  1. Closure of restaurants

Brand

Location

Cessation of

operation

"Ajisen Ramen'

NEX

8 June 2021

23 Serangoon Central

(Converted to

#03-06

"Shitamachi

Singapore 556083

Tendon Akimitsu"

The closure of the above restaurants is not expected to have any material impact on the Group's financial results for the financial year ending 31 March 2022.

BY ORDER OF THE BOARD

TAKAHASHI KENICHI

Executive Chairman and CEO

13 August 2021

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section

  1. Rules of Catalist. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Mr Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

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Japan Foods Holding Ltd. published this content on 13 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 August 2021 09:40:09 UTC.