Tranche Update on Maezawa Industries, Inc.'s Equity Buyback Plan announced on July 14, 2023.

Maezawa Industries, Inc. is a Japan-based company mainly engaged in the manufacture and sale of water sewage equipment and water treatment equipment, as well as the environmental business. The Company operates through three business segments. The Environmental segment is mainly engaged in the manufacture and sale of water treatment equipment for water sewage systems, industrial water treatment equipment, purification equipment for soil and groundwater pollution and organic waste recycling equipment. The Valve segment is mainly engaged in the manufacture and sale of valves, taps and gates for water sewage systems. The Maintenance segment is mainly engaged in the repair, installation and maintenance of equipment for water sewage, as well as the maintenance and operation of waste water treatment facilities for water purification factories.