Tranche Update on So-net Media Networks Corporation's Equity Buyback Plan announced on April 26, 2019.

SMN Corporation, formerly So-net Media Networks Corporation, is a Japan-based company mainly engaged in the marketing technology business focused on demand side platform (DSP) Logicad based on big data processing, artificial intelligence and financial engineering technologies. The Company is mainly engaged in the provision of ad technology services, affiliate services and other services. The ad technology services are engaged in the provision of an ad purchase DSP Logicad to optimize the advertising distribution effect of advertisers utilizing real time bidding (RTB). The affiliate services are engaged in the provision of a closed type affiliate service SCAN. The other services are engaged in the planning and sale of advertising space such as the portal site So-net and the news application News Suite, and the support business of media advertising revenue maximization.