Kanamic Network : Announcement Regarding the Suspension of Exercise of the 3rd series Stock Acquisition Rights (Moving Strike Warrants)

August 1, 2022

To Whom it May Concern:

Company Name: Kanamic Network Co., Ltd.

Representative: President & Representative Director, Takuma Yamamoto (Securities Code: 3939, TSE First Section)

Contact Point: General Manager, Administration Department, Kenya Wakabayashi （TEL．[phone]）

Announcement Regarding the Suspension of Exercise of the 3rd series Stock Acquisition

Rights (Moving Strike Warrants)

Regarding the 3rd series Stock Acquisition Rights (hereinafter referred to as the "Stock Acquisition Rights") issued by the Company on August 4, 2021, the Company has (as permitted under the third- party allotment agreement that was entered into with the allotee, Credit Suisse Securities Co., Ltd.) decided to suspend (through notification to the allotee), the exercise of the Stock Acquisition Rights as follows:

（１）	Name of the stock	Kanamic Network Co., LTD 3rd series Stock
acquisition rights	Acquisition Rights
（２）	Date of decision to	August 1, 2022
suspend exercise
（３）	Designated suspension	August 5, 2022 (including this date) to November 4,
period	2022 (including this date)
	Number of stock
	acquisition rights subject to
（４）	the suspension (and	48,000 rights (4,800,000 shares)
	number of underlying
	shares thereof)

That said, the Company reserves the right to lift the suspension of exercise through written notice; And should this occur, the Company will disclose the pertaining information. For details regarding the issuance of the Stock Acquisition Rights, please refer to the announcement made on July 15, 2021,

titled "Announcement regarding the issuance of convertible bonds maturing 2026 and the issuance of

moving strike warrants" and the announcement made on July 19 2021, titled "Announcement

regarding the finalization of the terms of issuance for convertible bonds maturing 2026 and the finalization of the terms of issuance for moving strike warrants expiring 2026".

Disclaimer: This press release does not constitute an offer of securities in the United States. The Company's securities referred to above have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration thereunder or an applicable exemption from registration requirements. This document has been translated from the Japanese version for reference purposes only. In the event of any discrepancy between this translated document and the Japanese version, the Japanese version shall prevail. The Company assumes no responsibility whatsoever for this translation, the accuracy of this translation, or for direct, indirect or any other forms of damages arising from the translation.

1