Conexio Corporation at a meeting of its Board of Directors held on December 22, 2022, the company has revised its dividend forecast (announced on April 27, 2022) for the fiscal year ending March 31, 2023 and has resolved, effective December 22, 2022, to not pay a year-end dividend for the fiscal year ending March 31, 2023. This revision and resolution are contingent upon the completion of the tender offer for the common shares
of the Company by NCX Corporation. The company company's previous forecast to pay dividend of JPY 35 per share for the fiscal year ending March 31, 2023.