DYNAM JAPAN Holdings Co., Ltd. announced that, on 30 June 2023 (after trading hours), DAIL (a wholly-owned subsidiary of the Company) entered into a Master Services Agreement with SAIL in respect of (1) Aircraft Sourcing Services, (2) Lease Management and Technical Services, (3) Remarketing Services, (4) Rep possession and Non-Scheduled Events Services and (5) Deal Advisory Services to be provided by DAIL to SAIL from time to time during the Term. SAIL is a wholly-owned subsidiary of SAC (a controlling shareholder of the Company), which is wholly-owned by Mr. Yoji SATO (non-executive Director and a controlling shareholder of the Company).ence, SAIL is an associate of a connected person pursuant to Rule 14A.12(1)(c) and Rule 14A.13(1) of the Listing Rules. As such, the transactions contemplated under the Master Services Agreement constitute continuing connected transactions of the Company under Chapter 14A of the Listing rules.

As the applicable Percentage Ratio for the Annual Caps for the three years ending 31 March 2024, 2025 and 2026 is more than 0.1% and less than 5%, the continuing connected transactions contemplated under the Master Services agreement and the Annual Caps are subject to the reporting, announcement and annual review requirements but are exempt from the independent shareholders' approval requirements under Chapter 14A of the listing Rules. The Board announced that, on 30 June 2023 (after trading hours), DAIL (a wholly- owned subsidiary of the Company) entered into a Master Services Agreement with SAIL in respect of (1) Aircraft Sourcing Services, (2) Lease Management and Technical Services, (3) Remarketing Services, (4) Repossession and Non-Scheduled Events Services and (5) Deal Advisory Services to be provided by DAIL to SAIL from time to time during the Term. Term: For an initial term of 36 months commencing from the date of the Master Services Agreement (unless terminated earlier in accordance with the terms thereof) and thereafter automatically renewed for an additional 36 months on the last day of the initial term and on the third anniversary of each successive 36-month period (unless either party shall serve a written notice on the other party not less than 90 days before the next upcoming expiration date confirming that the Master Services Agreement will not be renewed).