|
*As this fund-raising is financed by stock warrants, fluctuations in stock price may prevent it from being carried out as planned or may cause the amount of funds to differ from the estimate. In either case, we will disclose such information in a timely and appropriate manner.

Source: Second Party Opinion by the Japan Research Institute
URL:http://www.yamashin-filter.co.jp/ja/news/news_20200908_001/main/00/link/SecondPartyOpinion.pdf