This document has been translated from the Japanese original for reference purposes only. in theevent of any discrepancy between this translated document and the Japanese original, the original
shall prevail. DyDo Group Holdings, Inc. assumes no responsibility for this translation or for direct,
indirect or any other forms of damages arising from the translation.

(Translation)

SHARE HANDLING REGULATIONS

DyDo Group Holdings, Inc.

Chapter 1. General provisions

Article 1. Purpose
Procedures relating to the exercise of shareholder rights and other handling procedures of the sharesof the Company are in addition to the regulations of the Japan Securities Depository Center, Inc.
("JASDEC") and the account administrator institutions of securities companies, etc., whereshareholders have transfer accounts ("Securities Companies, etc.") defined in these regulations
established based on the articles of incorporation.

Article 2. Share registrar
The Company shall have the share registrar as follows with clerical operations offices as follows.

Share registrar
1-4-1 Marunouchi, Chiyoda-ku, Tokyo
Sumitomo Mitsui Trust Bank, Limited
Clerical operations offices
4-5-33 Kitahama, Chuo-ku, Osaka City
Sumitomo Mitsui Trust Bank, Limited
Stock Transfer Agency Department

Chapter 2. Registration, etc., in the shareholder registry

Article 3. Registration in the shareholder registry
1. Changes to matters stated in the shareholder registry shall be made pursuant to notices fromJASDEC such as general shareholder notices, etc. (excluding with respect to Article 154(3) of theAct on Book-Entry Transfer of Company Bonds, Stocks, etc. ("Transfer Act") notices stipulated
therein ("Individual Shareholder Notice")).
2. Further to the provisions of the previous paragraph, in the cases stipulated in laws andregulations such as the issuance of new shares, changes to matters stated in the shareholder registry
shall be made also without regard to notice from JASDEC.
3. Entries in the shareholder registry shall be made in accordance with the spelling and symbols
specified by JASDEC.

Article 4. Notification of matters stated in the shareholder registry
A shareholder shall in accordance with the prescriptions of JASDEC report through a Securities
Company, etc., and JASDEC the shareholder's full name, or association or organization designation,and address. The same applies in case of any changes thereof.

Article 5. Incorporated shareholder representative
An incorporated shareholder shall in accordance with the prescriptions of JASDEC report through aSecurities Company, etc., and JASDEC one representative of the incorporated shareholder. The
same applies in case of any changes thereof.

Article 6. Joint shareholder representative
Shareholders having joint ownership of shares shall determine one representative and shall inaccordance with the prescriptions of JASDEC report through a Securities Company, etc., andJASDEC the full name, or association or organization designation, and address of the jointshareholder representative. The same applies in case of any changes thereof.

Article 7. Statutory representative
A statutory representative such as a person exercising parental authority or a guardian, etc., of ashareholder shall in accordance with the prescriptions of JASDEC report through a Securities
Company, etc., and JASDEC the representative's full name, or association or organization
designation, and address. The same applies in case of any changes or termination thereof.

Article 8. Notification of a postal address for notices to be received by shareholders, etc., notresident in JapanA shareholder who is not a resident in Japan, and such registered share pledgee, or such statutory
representative of either of the aforementioned, shall appoint a standing proxy in Japan or determine
a postal address in Japan for notices to be received, and shall in accordance with the prescriptionsof JASDEC report through a Securities Company, etc., and JASDEC the full name, or association ororganization designation, and address of the standing proxy, or the postal address for notices to bereceived. The same applies in case of any changes or termination thereof.

Article 9. Method of verification through JASDEC
A notification from a shareholder to the Company submitted through a Securities Company, etc.,
and JASDEC shall be deemed a notification given by the shareholder in person.

Chapter 3. Shareholder verification

Article 10. Shareholder verification
1. When a shareholder (including shareholders who have filed an Individual Shareholder Notice)files a motion or exercises other shareholder rights ("Motion, etc."), a document shall be attached orprovided ("Documentary Evidence, etc.") evidencing that such Motion, etc., was made by theshareholder in person. However, the foregoing shall not apply when the Company is able to verify
that the Motion, etc., was filed by the shareholder in person.

2. When a Motion, etc., from a shareholder to the Company is filed through a Securities Company,etc., and JASDEC, it shall be deemed a Motion, etc., from the shareholder in person and noDocumentary Evidence, etc. shall be required.
3. When a Motion, etc., is filed by a proxy, in addition to the procedures pursuant to the previous
two paragraphs, a letter of attorney shall be attached bearing the shareholder's signature, or nameand seal imprint. The letter of attorney shall bear the full name, or association or organization
designation, and address of the person thereby empowered.
4. The provisions of Paragraphs 1 and 2 shall apply mutatis mutandis also to a proxy.

Chapter 4. Procedures for the exercise of shareholder rights

Article 11. Minority shareholder rights, etc.
When minority shareholder rights, etc., pursuant to the stipulations of Article 147(4) of the Transfer
Act are directly exercised upon the Company, the exercise shall occur by a writing bearing thesignatures or names and seal imprints of the shareholders, with a certificate of receipt of Individual
Shareholder Notice attached to it.

Article 12. Publication of shareholder proposals in the information materials for the general meetingof shareholders
With respect to proposals submitted by shareholders to the general meeting of shareholders, thelength in characters determined by the Company based on Article 93(1) of the Companies Act
Enforcement Regulations shall be as follows.
(1) Reason for the proposal
400 Japanese characters per proposal(2) Matters to be stated in the information materials for the general meeting of shareholders in caseswhere a proposal concerns the election of corporate officers
400 Japanese characters per candidate

Article 13. Method of odd-lot share buy-back requests
A request for the buy-back of odd-lot shares shall be made as prescribed by JASDEC throughSecurities Companies, etc. and JASDEC.

Article 14. Determination of the buy-back price
1. The buy-back unit price for a buy-back request pursuant to the previous article shall be theclosing price in the market operated by the Tokyo Stock Exchange observed on the day thebuy-back request reaches the clerical operations offices of the share registrar. However, if no tradeoccurs on that day or if that day falls on a holiday of the Tokyo Stock Exchange, the buy-back unit
price shall be the first subsequent price at which a trade is closed.

2. The buy-back price shall be the buy-back unit price pursuant to the previous paragraph multipliedby the number of shares under the buy-back request.

Article 15. Payment of the buy-back price
1. Unless determined otherwise by the Company, the Company shall pay as consideration for abuy-back the buy-back price calculated pursuant to the previous paragraph as prescribed by
JASDEC on the fourth business day from the day next after the finalization date of the buy-backunit price. However, when a buy-back price is associated with a right such as in case of a dividendof earned surplus or a stock split, the buy-back consideration shall be paid by the relevant base date.
2. A shareholder requesting a buy-back shall be able to require payment of the buy-backconsideration by bank transfer into a bank account specified by the shareholder or payout through aJapan Post Bank cash payment.

Article 16. Transfer of buy-back shares
Odd-lot shares whose buy-back is requested of the Company shall be transferred to the transfer
account of the Company on the day of the completion of the payment, or the completion of theprocedures thereof, of the consideration for the buy-back.

Article 17. Method of requests for odd-lot share supplementary share sales
A request for the sale and handover of odd-lot share supplementary shares made by a shareholder ofodd-lot shares for the number of shares required to form a full share lot ("Supplementary ShareSales Request") shall be made as prescribed by JASDEC through Securities Companies, etc. andJASDEC.

Article 18. Supplementary Share Sales Requests in excess of the balance of treasury shares
If the total number of shares under Supplementary Share Sales Requests filed on any same day in an
unknown order exceeds the number of treasury shares available for sale and handover held by theCompany, all Supplementary Share Sales Requests filed on that day shall be void.

Article 19. Taking of effect of Supplementary Share Sales Requests
A Supplementary Share Sales Request shall take effect on the day of its arrival at the clericaloperations offices of the share registrar.

Article 20. Determination of the supplementary-purchase price
1. The supplementary-purchase unit price shall be the closing price in the market operated by theTokyo Stock Exchange observed on the day a Supplementary Share Sales Request takes effect.
However, if no trade occurs on that day or if that day falls on a holiday of the Tokyo Stock
Exchange, the supplementary-purchase unit price shall be the first subsequent price at which a tradeis closed.
2. The supplementary-purchase price shall be the supplementary-purchase unit price pursuant to theprevious paragraph multiplied by the number of shares under the Supplementary Share Sales
Request.

Article 21. Transfer of supplementary-purchase shares
For the treasury shares corresponding to the number of shares under a Supplementary Share Sales
Request received by the Company, the transfer to the transfer account of the shareholder having
filed the Supplementary Share Sales Request shall be requested as prescribed by JASDEC on theday of confirmation that the shareholder having filed the Supplementary Share Sales Request has
through a Securities Company, etc., executed the remittance of the supplementary-purchaseconsideration to the deposit bank account prescribed by the Company.

Article 22. Suspension period for the acceptance of Supplementary Share Sales Requests
1. The Company shall suspend the acceptance of Supplementary Share Sales Requests for theten (10) business days preceding the annual dates as follows.
(1) January 20(2) July 20(3) Other dates, such as dates prescribed by JASDEC for the determination of shareholders
2. The provisions of the previous paragraph notwithstanding, the Company shall be able to establish
additional periods for the suspension of the acceptance of Supplementary Share Sales Requests
when deemed necessary.

Chapter 5. Special-account exception

Article 23. Special-account exception
When a shareholder has requested the establishment of a special account, personal identification of
the shareholder and other handling procedures concerning the special account shall occur asprescribed by JASDEC and by the account administrator institution of the special account.

Chapter 6. Requests for general shareholder notice, etc.

Article 24. Requests of the Company for general shareholder notice, etc.
The Company shall be able to request of JASDEC the issuance of a general shareholder notice inthe following cases and when other proper grounds exist.
(1) When the Company needs to notify shareholders based on laws and regulations, securities listing
regulations, the articles of incorporation, or other rules ("Laws and Regulations, etc.").

(2) When required by the Company, based on Laws and Regulations, etc., in order to officiallyannounce information about shareholders or in order to provide information about shareholders togovernment, public offices, or securities exchanges.
(3) When the Company, with respect to its shareholders, seeks to execute a shareholder special
benefit program or other action for the common benefit of holders of book-entry shares.
(4) When necessary to prevent the occurrence of share delisting, license cancellation, or othercircumstances that may cause losses to the Company or shareholders.
(5) When the Company finds it appropriate at certain points in time determined by the board ofdirectors to reflect in the shareholder registry information on the status of shareholders'shareholdings.

Article 25. Exercise of the right of the Company to request the provision of information
The Company shall be able in the following cases and when other proper grounds exist to file
requests with Securities Companies, etc., or JASDEC as stipulated in Article 277 of the TransferAct.
(1) When shareholders have consented.
(2) When necessary for verifying the shareholder status of a person who has self-declared asshareholder.
(3) When necessary for verifying that a shareholder satisfies the conditions for the exercise ofshareholder rights.
(4) When required by the Company, based on Laws and Regulations, etc., in order to officiallyannounce or provide to government and public offices or securities exchanges information aboutshareholders.
(5) When necessary to prevent the occurrence of share delisting, license cancellation, or othercircumstances that may cause losses to the Company or shareholders.
(6) When the Company has recognized that a specific person seeks to file a Motion, etc., asshareholder.

Supplementary provisions
Article 1. Revision of these regulations shall be subject to resolution of the board of directors.
Article 2. These regulations have been revised effective January 21, 2017.