Tranche Update on Shinden Hightex Corporation's Equity Buyback Plan announced on July 1, 2016.

SHINDEN HIGHTEX CORPORATION is a Japan-based company mainly engaged in purchase and sale of liquid crystal, semiconductor and electronic equipment. It operates through Japan and overseas two geography segments. Liquid crystal products include liquid crystal modules used in car navigation systems, monitors and industrial equipment. Semiconductor products include memories, central processing units and graphics processing unit (CPU and GPU), foundries, application specific standard products (ASSP), application specific integrated circuit (ASIC), light emitting diodes (LED) used in hard disk drives, industrial equipment, liquid crystal modules, point-of-sale (POS) systems, printers and others. Electronic equipment products include inspection equipment, memory modules, and communication modules used in in-vehicle equipment and servers. It also provides battery related products. It purchases products from Taiwan, Korea, the United States and Japan and sells them to customers.