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

April 27, 2023

Company Name:
Representative:
Contact:

Asahi Holdings, Inc.
Tomoya Higashiura, President & CEO(Code: 5857, Tokyo Stock Exchange - Prime Market)
Kunihiko Chogo, General Manager,
Corporate Planning & Communications Department(Phone: +81-3-6270-1833)

Notice Concerning Change of Trade Name and Partial Amendments to the Articles of Incorporation
Asahi Holdings, Inc. (hereinafter, the “Company”) hereby announces that the Board of Directors of the Company has resolved
today to submit a proposal regarding change of trade name and partial amendments to the Articles of Incorporation, as described
below, at the 14th Annual General Meeting of Shareholders scheduled to be held on June 20, 2023.
1.

Change of Trade Name
(1) Reason for Change
The A in “ARE” stands for “Asahi”, the R for “Resources”, and the E for “Environment”. Based on the Purpose ofbeing “Totally Committed to Protecting the Natural Environment and Preserving Resources”, the Company has
engaged in “Resources and Environment” as its core business and promoted Environmental Preservation and Resource
Recovery for Environment for many years. By changing the trade name to one with the Purpose engraved, we will
clarify the significance of our existence as well as spread its role to society, and aim for further business development.
(2) New Trade Name [Trade Name in English]
ARE Holdings Kabushiki Kaisha [ARE Holdings, Inc.](3) Scheduled Date of Change
July 1, 2023

*This trade name change is subject to partial amendments to the Articles of Incorporation being approved at the 14th Annual
General Meeting of Shareholders scheduled to be held on June 20, 2023.

2.

Partial Amendments to the Articles of Incorporation(1) Reason for the Amendments to the Articles of Incorporation
In order to change the trade name described in 1 above, Article 1 (Trade Name) of the current Articles of Incorporation
will be changed.
(2) Details of Amendments to the Articles of Incorporation
The details of the changes are as follows.

(Amended portions are underlined)
Proposed Amendments
CHAPTER 1
GENERAL PROVISIONS

Current Articles of Incorporation
CHAPTER 1
GENERAL PROVISIONS(Trade Name)
Article 1: The name of the Company shall be “AsahiHoldings Kabushiki Kaisha”, and in English it shall be“Asahi Holdings, Inc.”(Trade Name)
Article 1: The name of the Company shall be “ARE Holdings
Kabushiki Kaisha”, and in English it shall be “AREHoldings, Inc.”

SUPPLEMENTARY PROVISIONS(Transitional Measures Regarding Exemption from Liabilityof Corporate Auditors)
Article 1: <Omitted>

SUPPLEMENTARY PROVISIONS(Transitional Measures Regarding Exemption from Liabilityof Corporate Auditors)
Article 1: <Same as the present><Newly Established>(Transitional Measures Regarding Change of Trade Name)
Article 2: The amendment to Article 1 (Trade Name) shalltake effect on July 1, 2023. This supplementary provision
shall be deleted after the date when the amendment toArticle 1 takes effect.

(3) Date of Amendments
Annual General Meeting of Shareholders to approve the Amendment: June 20, 2023 (scheduled)
Effective Date of the Amendment: July 1, 2023 (scheduled)