UNOFFICIAL TRANSLATION

The official press release is in Japanese.

Company Name:

FinTech Global Incorporated

Representative:

Nobumitsu Tamai, President and CEO

Stock Listing:

Tokyo Stock Exchange Mothers Section

Stock Code:

8789

Inquiries:

Takashi Senda, Member of the Board,

Senior Executive Officer

Tel:

050-5964-3978

(Progress on disclosed item)

Notice Regarding Subsidiary's Third-Party Allocation of Shares and Change in Subsidiary Status

August 9, 2019-FinTech Global Incorporated (hereafter, "FGI" and "the Company") disclosed in "Notice Regarding Subsidiary's Third-Party Allocation of Shares and Change in Subsidiary Status," dated June 14, 2019, that the Company would execute a third-party allocation of shares for Adacotech Incorporated and that the company would be removed from the scope of consolidation and become an affiliate accounted for under the equity method. FGI can confirm now that a gain on change in equity (extraordinary profit) has been booked in line with this event as of the third quarter of fiscal 2019. Details are provided below.

Details

  1. Amount booked as gain in change on equity Consolidated: ¥120 million
  2. Outlook

For details, please read Summary of Financial Statements for the First Three Quarters of Fiscal 2019 [under Japanese GAAP] (Consolidated)," posted today.

END

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Disclaimer

FGI - FinTech Global Inc. published this content on 09 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2019 08:40:07 UTC