Kazuhide Okamoto and Yahito Okamoto made an offer to acquire 22.67% stake in Maruhachi Holdings Co., Ltd. (NSE:3504) from Yodai Co.,Ltd. and others for ¥2.8 billion on May 12, 2023. Under the terms of offer, Kazuhide Okamoto and his son, Yahito Okamoto agree to pay ¥ 814 per share. In addition, the Tender Offeror will borrow funds from MUFG Bank, Ltd. (hereinafter referred to as "MUFG Bank")for the funds required for the settlement of the Tender Offer. Kazuhide Okamoto and Yahito Okamoto serves as Chairman and director of Maruhachi Holdings and hold 0.01% stake and Zero stake in company. Yodai Co.,Ltd is Parent company and currently holds 10.6 millions shares. on May 12, 2023 , 15 of the Yodai Shareholders will agree on the commencement date of settlement for the Tender Offer.Tender Offer intends to delist the Company's shares However, even after the Tender Offer, the Company's shares will remain listed on the main market of the Nagoya Stock Exchange Co., Ltd. Tender offer will commence from From May 15, 2023 to June 9, 2023. The Tender Offeror has appointed Nishimura & Asahi as its legal advisor and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. as its financial advisor. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. was appointed as a financial advisor independent from the Tender Offeror. Our Company has appointed Ohno Wataru Law Office as its legal advisor

Kazuhide Okamoto and Yahito Okamoto complete dthe acquisition of 0.728246% stake in Maruhachi Holdings Co., Ltd. (NSE:3504) from Yodai Co.,Ltd. and others for ¥ 91 million on June 9, 2023.