On July 1, 2022, Nichiwa Sangyo Co., Ltd. announced that held its annual general meeting on June 29, 2022. Since, there are no proposals from Unearth International Limited, the Campaign is deemed to be withdrawn. Subsequently, the Company's proposals regarding (i) Disposal of surplus: allocation of dividend assets to shareholder with 6 yen per share of the Company's common stock, and (ii) Partial amendment of articles of incorporation: Articles of Incorporation will be amended to prepare for the introduction of the electronic provision system, were approved by shareholders vote.