Disclaimer: This document is an English translation of the original Japanese language document and has been
prepared solely for reference purposes. In the event of any discrepancy between this English
translation and the original Japanese language document, the original Japanese language document
shall prevail in all respects.

Company name:Name of representative:
Inquiries:

September 27, 2023
OAT Agrio Co., Ltd.
Hisashi Oka, President & CEO(Securities code: 4979; Prime
Market)Hiroki Takase, Director andGeneral Manager of General
Affairs Division(Telephone: +81-3-5283-0262)

Notice Concerning Decision to Apply for Selection to the Standard Market
OAT Agrio Co., Ltd. (the “Company”) hereby announces that it resolved at its Board of Directors meeting held on
September 27, 2023 to apply for selection to the Standard Market, as it has an opportunity to re-select a market segment
following the revision of the Tokyo Stock Exchange rules effective on April 1, 2023, as detailed below. This decision
was made after comprehensively considering the recent global situation, the environment surrounding the agricultureindustry, and the current status of the Company.
1. Status of compliance with the Prime Market continued listing criteria
The Company’s status of compliance with the Prime Market as of December 31, 2022, is as follows. The Company
complies with all continued listing criteria.
Number of tradableshares(Units)Market capitalizationof tradable shares(Billions of yen)

Tradable share ratio(%)

11,11563,205

10.57

57.0

800

20,00010.0

35

Number ofshareholders
The Company’s status ofcompliance as ofDecember 31, 2022*1
Prime Market continued
listing criteria

Status of compliance〇〇〇〇*1
The Company’s status of compliance is calculated based on the distribution of the Company’s shares, etc. as
known by the Tokyo Stock Exchange as of the record date.

2. Status of compliance with the Standard Market continued listing criteria

Number ofshareholders

The Company’s statusof compliance as ofDecember 31, 2022*1
Standard Market
continued listing
criteria
Status of complianceMarketcapitalization
Number ofTradable shareof tradable
tradable shares
ratio
shares(Units)(%)(Billions ofyen)Monthly
averagetrading
volume(Units)*2

Net assets(Billions ofyen)

11,11563,205

10.57

57.0

2,184

11.9

400

2,000

1.0

25

10

Positive〇〇〇〇〇〇

*1

The “number of shareholders,” “number of tradable shares,” “market capitalization of tradable shares,” and“tradable share ratio” as of December 31, 2022, are calculated based on the distribution of the Company’s shares,etc. as known by the Tokyo Stock Exchange as of the record date.

*2

Monthly average trading volume is calculated based on trading volume from June 2022 to December 2022.

3. Reasons for selection to the Standard Market
The Company selected the Prime Market when the market segments of the Tokyo Stock Exchange were revised inApril 2022. At the time of the transition, the market capitalization of the Company’s tradable shares did not meet thecontinued listing criteria of the Prime Market, but the Company has complied with all of the continued listing
criteria since December 31, 2022. However, in accordance with the revision of the Tokyo Stock Exchange’s rules inApril 2023, the Company has reconsidered the appropriate market segment.
The Company believes that it is most important to allocate the management resources required for continued
compliance with the Prime Market continued listing criteria not to maintain the criteria, but to invest in businesses
that create new value, engage in research and development, and revitalize the organization and human resources, inorder to increase corporate value and shareholder returns over the medium to long term. Therefore, the Company
resolved at today’s Board of Directors meeting to select the new “Standard Market” segment.
Even after transitioning to the Standard Market, the Company will, as a publicly traded company, continue toenhance its corporate governance and promote sustainability initiatives, aiming to be a company that is trusted by its
stakeholders and contributes broadly to society.
In the future, the Company will select market segments in a timely and appropriate manner in order to further
increase corporate value and shareholder returns, taking the business scale and environment of the Group and otherfactors at that time into consideration.

4. Procedures for transition to the Standard Market
The Company will proceed with the stipulated procedures in accordance with the schedule set forth by the Tokyo
Stock Exchange. The scheduled date of transition to the Standard Market is October 20, 2023. Following this date,trading of the Company’s shares will transition to the Standard Market and trading will continue on the StandardMarket.
End.