Skymark Airlines Inc. announced the resolution on the aircraft purchase being passed at the meeting of the Board of Directors held on January 18, 2023 as follows: Details of Assets: 3 (three) Boeing 737-8 (x 2 (two) Firm, x 1 (one) Option) with Catalogue Price of Approximately JPY 16.2 billion /per aircraft and delivery period is fiscal year 2026; Details of Assets: 3 (three) Boeing 737-10 (x 2 (two) Firm, x 1 (one) Option) with Catalogue Price of Approximately JPY 17.9 billion yen /per aircraft and delivery period is Fiscal year 2026 to 2027. All aircraft above will be equipped with CFM International Inc. Engines. Prices are calculated at the exchange rate of JPY 133 /US dollar.

Price Escalation is unconsidered. Catalogue Price is based on January 2019 and includes prices for the Engines. Certain amount to be discounted from the Catalogue Price.

To be acquired by the fair market price yet the disclosure of the actual pricing will be refrained by the request from the contract party. Total price on acquiring the asset will be more than 30% of the Net Asset of JPY 9,299 million yen as at the most recent consolidated fiscal year ending March 2022, aligning the Timely Disclosure Rule.