This document has been translated from Japanese original for reference
purposes only. In the event of any discrepancy between this translated
document and the Japanese original, the original shall prevail. JAIC
assumes no responsibility for this translation or for direct, indirect or any
other forms of damages arising from the translation.
April 8, 2022
Company name:

Japan Asia Investment Co., Ltd. (JAIC)

Listed on:

Tokyo Stock Exchange Standard Market (Securities code: 8518)

Representative:

Tetsuro Shimomura, President and CEO

Contact:

Kenji Kishimoto, Executive OfficerTel:+81-3-3221-8518Notice Concerning Change of Major Shareholder and the Largest
Shareholder Who is a Major Shareholder
Japan Asia Investment Co., Ltd. (JAIC) hereby announces that there has been achange of the major shareholder and the largest shareholder who is a major
shareholder of JAIC on February 24, 2022, as described below.

1. Background for the change
Today JAIC received its shareholder list as of March 31, 2022 from theadministrator of shareholder list. JAIC also contacted following shareholder andfound that the shareholder acquired additional shares of JAIC. In this connection,JAIC has confirmed that its major shareholder and the largest shareholder who
is a major shareholder has changed.

2. Overview of the shareholder subject to the change
(1)

Name

(2) Location
(3)

(4)

Job title and nameof representative
Description ofbusiness(5) Share capitalFirst Eastern Asia Holdings Limited
21/F., 28 HENNESSY ROAD，HONG KONG
Director Victor Lap Lik Chu

Investment business10 million Hong Kong dollar

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3. Number of voting rights (number of shares) held by said shareholder andits ratio to the voting rights held by all shareholders before and after thechange
Ranking among
Number of voting rights

Ratio of voting(Number of shares held)

rights held*major
shareholders
Before the change(as of January 19, 2022)
After the change(as of February 24, 2022)

17,094 units（1,709,445 shares）
18,109 units（1,810,945 shares）

9.66％

1st

10.23％

1stNotes 1 Ratio of total voting rights held before the change is calculated based on the number ofvoting rights of all shareholders (177,033 units) which is obtained by deducting the number oftreasury stock held by JAIC as shares without voting rights （181,009 shares） from the total numberof shares outstanding as of December 31, 2021 （17,884,392 shares）.
Notes 2 Ratio of total voting rights held after the change is calculated based on the number ofvoting rights of all shareholders (176,993 units) as of March 31, 2022.
Notes 3 Ratio of total voting rights held is rounded to the third decimal place.

4. Future outlook
On December 29, 2015, JAIC entered into a capital and business allianceagreement with First Eastern (Holdings) Limited, one of Hong Kong’s majorinvestment groups. Related to the capital and business alliance, First Eastern
Asia Holdings Limited, one of group companies of First Eastern (Holdings) Limited,
has been the shareholder of JAIC. This acquisition is to strengthen the capitaland business alliance.
First Eastern (Holdings) Limited expressed an intention to maintain its
shareholding ratio to exceed 5% of total outstanding shares of JAIC for a medium
to long time period.
As of March 31, 2022, First Eastern Asia Holdings Limited holds 1,839,445 sharesof JAIC. The number of shares has increased from February 24, 2022.
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