News Release: AEON DELIGHT Co., Ltd.

(9787 TSE Prime)
March 28, 2023

Notice of Acquisition of Shares of Ask Maintenance Co., Ltd. (Making into a Subsidiary)
We are pleased to announce that at the meeting of the Board of Directors held today, we decided to acquire the sharesof Ask Maintenance Co., Ltd. (Head Office: Kumamoto City, Kumamoto Prefecture; President and Representative
Director: Kiyoaki Inoue, hereinafter referred to as "Ask Maintenance") and make it a subsidiary.
1. Background and purpose of share acquisition
In October 2018, we formulated the AEON DELIGHT Vision 2025 with the aim of achieving further sustainable growth. We
declared our intention to become a company that creates environmental value in Asia that solves social issues based on
three pillars of our growth strategy: “Safety and Security”, “Labor force shortage”, and “Environment”. To achieve the Vision
2025 goal, we are working to establish our corporate brand as a group of experts in facility management ("FM"), and topromote the formation of regional economic zones in each region in which we operate.
The consolidation of Ask Maintenance will accelerate the formation of FM's regional economic zone in the Kyushu
region. In other words, Ask Maintenance operates businesses such as cleaning, facility management, condominiummanagement, and construction and provides services to commercial facilities, hospitals, and government andmunicipal properties for a variety of uses. Among other things, in October 2022, Ask Maintenance became the firstcompany in Kyushu to receive the Eco Mark certification* for "cleaning services", and has received high praise for thecleaning services. We have been providing services together in commercial facilities for some time. In November 2022,
Ask Maintenance participated in the 4th AEON DELIGHT Technology Contest [Cleaning Category] sponsored by Ask
Maintenance as a representative of Kyushu. As a colleague with aspirations, Ask Maintenance has cooperated toimprove its technological capabilities and quality. In light of this background, we will expand our business base inKyushu by welcoming Ask Maintenance as a fellow member of the AEON DELIGHT Group. At the same time, we willfuse the technologies and know-how cultivated by both companies to further improve quality.
Based on our management philosophy of "We Pursue the Creation of ‘Environmental Value’ for our Customers and for
the LocalCommunities," we will continue to provide a "safe and secure" facility environment for more customers in theKyushu area together with Ask maintenance.

*Eco Mark Certification: An environmental label certified by the Japan Environment Association for products and services that are recognized as having a
low environmental impact throughout their lifecycle from "production" to "disposal" and as contributing to environmental conservation.

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News Release: AEON DELIGHT Co., Ltd.

(9787 TSE Prime)

2. Outline of subsidiaries to be transferred (Ask Maintenance)(1) Name

Ask Maintenance Co., Ltd.

(2) Address

5-4-6, Tamukae, Minami-ku, Kumamoto(3) Representative

Kiyoaki Inoue, President and Representative Director(4) Business Activities

Cleaning, facility management, condominium management, construction,etc.

(5) Capital stock

30 million yen(6) Date of establishment

February 1974

(7) Major shareholders andshareholding ratio(8) Relationship with
AEON DELIGHT

Kiyoaki Inoue 100%
Capital relationship Not applicable.
Businessrelationship

There is a business relationship with the Company
based on a business consignment agreement.

Personnel
relationship

Not applicable.

Related party
information

Not applicable.

(9) Ask Maintenance's operating results and financial condition for the past three years
FY3/20FY3/21

FY3/22

Net assets

84 million yen

116 million yen

145 million yen

Total assets

589 million yen

636 million yen

595 million yen

247,058 yen

341,176 yen

426,470 yen

1,573 million yen

1,547 million yen

1,617 million yen

Operating income

28 million yen

45 million yen31 million yen

Ordinary income

35 million yen

55 million yen

45 million yen

Net income

24 million yen

34 million yen

30 million yen

Net assets per share
Net sales*Dividend per share was calculated based on the number of shares as of March 31, 2023.

3. Outline of the counterparty to the share acquisition(1) Name(2) Relationship with
AEON DELIGHT

Kiyoaki Inoue
Capital relationship

Not applicable.

Business relationship

Not applicable.

Personnel relationship

Not applicable.

Other special notes

Not applicable.

4. Number of shares acquired, acquisition price and status of shares held before and after acquisition(1) Number of shares held before
the change

0 shares(2) Number of shares acquired

340 shares

The acquisition price and terms is notdisclosed due to confidentiality
obligations between the parties.

(3) Number of shares held after thechange

340 shares(Percentage of voting rights: 100%)2(Percentage of voting rights: 0%)

News Release: AEON DELIGHT Co., Ltd.

(9787 TSE Prime)

5. Schedule(1) March 28, 2023

Board of Directors Resolution(2) March 28, 2023

Conclusion of share transfer agreement(3) April 27, 2023 (planned)

Transfer of shares

6. Future outlook
The Company does not expect the acquisition of these shares to have a material impact on the Company's financial
results in the current fiscal year. We will promptly disclose any material impact on our business results in the future.

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