TRANSLATION FOR REFERENCE PURPOSE ONLYThis notice has been translated from the original Japanese text of the timely disclose statement and is forreference purpose only. In the event of any discrepancy between the original Japanese and this translation,
the Japanese text shall prevail.

January 29, 2021
To whom it may concern

Company Name: Asahi Holdings, Inc.
Representative: Tomoya Higashiura, President(Code: 5857, First Section of the Tokyo Stock Exchange)
Contact:
Kunihiko Chogo, General Manager,
Corporate Planning & Communications Department(Phone: +81-3-6270-1833)

Notice on Stock Split, Partial Amendment of Articles of Incorporation,
and Abolishment of Shareholder Special Benefit Plan
This is to notify that Asahi Holdings, Inc. (hereinafter, "the Company"), at the Board of Directors meeting held today,
resolved a stock split, a partial amendment of the articles of incorporation, and the abolishment of the shareholder special
benefit plan as shown below.
1. Stock split(1) Purpose of the stock split
The stock split is intended to create an environment where investors can more easily invest by reducing the amount of
an investment unit, improving the liquidity of the Company’s shares, and expanding the investor base.
(2) Outline of the stock split(i) Procedure for the stock split
With the reference date set on Wednesday, March 31, 2021, each common share held by shareholders registered orrecorded in the final list of shareholders of the day will be divided with a split ratio of two-for-one.
(ii) Number of increased shares as a result of the stock split
Total number of issued shares before the stock split
Number of increased shares as a result of the stock split
Total number of issued shares after the stock split
Total number of authorized shares after the stock split(iii) Schedule for the stock split
Date of notice of stock split reference date
Reference date
Effective date

39,854,344
39,854,344
79,708,688
258,000,000

Tuesday, March 16, 2021
Wednesday, March 31, 2021
Thursday, April 1, 2021(iv) OtherThis stock split will not change the amount of stated capital.
2. Partial amendment of the articles of incorporation(1) Reasons for amending the articles of incorporation
As a result of this stock split, the total number of authorized shares stipulated in Article 6 of the Company's articles ofincorporation will be changed effective on Thursday, April 1, 2021, based on Article 184, paragraph (2) of theCompanies Act.
(2) Details of the change (the underlined part)
Before the change(Total number of authorized shares)
Article 6 The Company's total number of authorizedshares shall be
129,000,000

After the change(Total number of authorized shares)
Article 6 The Company's total number of authorizedshares shall be
258,000,000(3) Schedule for amendment of the articles of incorporation
Effective dateThursday, April 1, 2021

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3. Abolishment of the shareholder special benefit plan
(1) Reasons for the abolishment
The Company has been offering the shareholder special benefit plan to show appreciation for its shareholders for theircontinued support, deepen further their understanding of its group businesses and products, and encourage more
people to hold its shares.
In recent years, the Company has promoted information sharing and information disclosure through IR activities,
deepening shareholders' understanding of the Company. As a result, the Company has mostly achieved its originalgoal. Simultaneously, the Company has carefully studied how profits should be returned to shareholders in the future,concluding that it would make more sense to enhance shareholder returns centered on dividends of surplus. Based on
this conclusion, the Company has decided to abolish the shareholder special benefit plan.
The Company will continue to position the return of profits to shareholders as an essential management mission andstrive to pay dividends stably and sustainably. Shareholders' understanding in this regard would be appreciated.
(2) Timing of the abolishment
The Company last offered the shareholder special benefit plan for shareholders registered or recorded in the list ofshareholders as of March 31, 2020, who hold a unit (100 shares) or more of the Company's shares. The Company will
no longer offer the shareholder special benefit plan.

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