Japan Foods Holding Ltd. commences an Equity Buyback Plan for 17,442,400 shares, representing 10% of its issued share capital, under the authorization approved on July 20, 2022.

Japan Foods Holding Ltd. (Catalist:5OI) commences share repurchases on November 23, 2022, under the program mandated by the shareholders at the Annual General Meeting held on July 20, 2022. As per the mandate, the company is authorized to repurchase up to 17,442,400 shares, representing 10% of its issued shares. The maximum price in the case of market purchase will be 105% of the average closing price over the last five market days on which transactions in the shares were recorded, before the day on which the purchase or acquisition of shares was made.

While in the case of off-market purchase, the maximum price will be 120% of the average closing price over the last five market days. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is carried out to the full extent, unless varied or revoked in a General Meeting.