News Release

Acquisition of Shares of North River by J Trust Subsidiary (Continuous Disclosure)

Jun 9, 2020
J Trust Co., Ltd.

						

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As announced in “Conclusion of Basic Agreement to Acquire All Shares of North River by J Trust Subsidiary” dated May 14, 2020, KeyHolder, Inc. (“KeyHolder”) a subsidiary of J Trust Co., Ltd., signed a basic agreement regarding the acquisition of all shares of North River Inc. (“North River”). Based on the above agreement, KeyHolder resolved at the Board of Directors’ meeting held today to conclude a share transfer agreement with Vernalossom Co., Ltd. (formerly AKS Co., Ltd.), which holds 15% of North River shares. KeyHolder will continue to negotiate with other shareholders that hold shares in North River to acquire all shares on July 1, 2020 (planned). For details, please refer to the attached document.

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J Trust Co., Ltd. Finance Department