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Strategic Capital, Inc.

Five Annex Building 5F, 1-3-10, Ebisu-nishi, Shibuya-ku, Tokyo, JAPAN 150-0021


CHORI CO., LTD. 2017

◆June 1st, 2017

Strategic Capital, Inc sent a letter to shareholders of CHORI CO.,LTD.
Corporation (TSE Code 8014) for the up-coming annual general meeting of shareholders in June, 2017. The purpose of the letter is to inform shareholders of our proposals. Expecting the shareholders will approve our proposals, we inform the shareholders of the confirmation of receipt by the company and publically make the announcement.

The Execution of Voting Form at the Shareholder’s Meeting

◆April 17th, 2017

Strategic Capital, Inc. is under a discretionary investment contract with INTERTRUST TRUSTEES (CAYMAN) LIMITED SOLELY IN ITS CAPACITY AS TRUSTEE OF JAPAN-UP (hereinafter referred to as the “Fund”) which holds 3.98% (sum of accounts represented by multiple standing proxies) of the outstanding share of CHORI CO.,LTD (hereinafter referred to as “CHORI “).(TES Code 8014).

Strategic Capital, Inc is pleased to announce that, on April 12, 2017, the Fund notified CHORI of its execution of the shareholders’ right to make a proposal at the annual shareholder meeting to be held in June, 2017 and confirmed that, on April 14, 2017, CHORI received the documents of the proposal.

A brief detail of the proposal of the Fund is as followings.

To foreign investora:About the Shareholder Proposals to CHORI CO., LTD.(English version)