City Index Eleventh Co., Ltd. made an offer to acquire remaining 68.9% stake in Japan Asia Group Limited (TSE:3751) for ¥17.2 billion on March 18, 2021. The offer will be made at a price of ¥910 per share. As of June 15, 2021, City Index Eleventh Co., Ltd. made an offer to acquire shares at a price of ¥910 per share. As of July 14, 2021, City Index Eleventh Co., Ltd. made an offer to acquire shares at a price of ¥970 per share. City Index Eleventh owns 8.5 million shares and has made the offer to acquire remaining 18.9 million shares. No upper and lower limits of the planned number of purchases have not been set in the tender offer. On May 14, 2021, the Board of Directors of Japan Asia Group unanimously passed resolution to approve the transaction and had no objection. City Index Eleventh Co., Ltd did not set an upper limit on the planned number of shares, depending on the outcome of the tender offer, the Company's shares may be delisted after the prescribed procedures in accordance with the delisting standards of the Tokyo Stock Exchange. The Board of Directors meeting held on June 18, 2021, Japan Asia Group Limited will take a neutral position with respect to the tender offer. We are also pleased to inform you that we have resolved to leave it to the shareholders of Japan Asia Group Limited to decide whether to apply for the tender offer. The tender offer period will run from April 27, 201 and June 11, 2021. The settlement starts June 18, 2021. The settlement starts date has been changed to June 16, 2021. The period of purchase is changed from April 27, 2021 to June 29, 2021. The offer period extended till July 15, 2021. The settlement date is July 6, 2021. The period of purchase is changed from April 27, 2021 to July 30, 2021. The settlement date is August 6, 2021. Mita Securities Co., Ltd. and Monex Securities, Inc. acted as acted as tender offer agent to Citi. GCA Advisory Corporation acted as financial and fairness opinion provider whereas Anderson Mori & Tomotsune LPC acted as legal advisor to Japan Asia Group Limited.