On March, 7, 2022, Space Value Holdings Co., Ltd. announced the Voting Results about Proposals from PTC J - 2 Holdings Co., Ltd. at the Extraordinary General Meeting of Shareholders held on March 4, 2022, and there were approved. Proposal No. 1 about Reverse stock split: (i) Ratio of merger, regarding the Company's shares, 7,047,120 shares will be merged into one share.

(ii) Effective date of the reverse stock split on March 31, 2022, (iii) Total number of issuable shares on the effective date 20 shares. Proposal No. 2 Partial amendment of articles of incorporation: (i) If the proposal for the reverse stock split is approved as originally proposed and the reverse stock split becomes effective, the total number of issuable shares of the Company's shares will be reduced to 20 in accordance with the provisions of Article 182, Paragraph 2 of the Companies Act., (ii) the total number of issued shares of the Company will be 5 shares, and it will not be necessary to determine the number of shares constituting one unit.