Tranche Update on Sakai Ovex Co.,Ltd.'s Equity Buyback Plan announced on June 22, 2017.

SAKAI OVEX CO.,LTD. is a Japan-based company mainly engaged in the dyeing business, textile sale business, and control equipment business. The Company operates through three business segments. The Dyeing segment is mainly engaged in the dyeing, processing and packaging of various textile products. The Textile Sale segment is mainly engaged in the planning, manufacture and sale of various textile products. The Control Equipment segment is mainly engaged in the design, manufacture and sale of control panels, the development, maintenance and sale of software, and the design and construction of electrical work. The Company is also engaged in the manufacture and sale of textile and carbon fiber related composite materials, the planning, manufacture and sale of sewing products, the design, manufacture and sale of artificial fish-breeding grounds, as well as the design and construction of building and civil engineering.