Shareholder Proposal and Supplementary Materials for Access Group Holdings Co., Ltd. Announced

RR DD Co., Ltd. has announced on its website the shareholder proposal submitted to Access Group Holdings Co., Ltd., as well as its views and supplementary explanatory materials regarding the Access Group Holdings board's opinion on the shareholder proposal, published on May 15, 2026. We acknowledge that Access Group Holdings' announcement of a medium-term management plan and dividend policy is a step forward, as it shows some recognition of the importance of capital policy, shareholder returns, and accountability that we have been raising. However, we believe that the company, which has implemented capital policies in the past that diluted existing shareholders, still needs to provide a verifiable explanation to shareholders regarding the specific allocation of procured funds, the use policy for unallocated funds, investment decision criteria for M&A and capital and business alliances, capital efficiency indicators, and capital allocation policies including share buybacks. Furthermore, Pronexus Inc., a major shareholder of the company, announced on May 14, 2026, in its 'Notice Concerning Partial Amendment to the Articles of Incorporation,' a change of purpose related to the control and management of business activities through the acquisition and ownership of shares and equity. While we do not assert that this definitively indicates a specific capital policy or acquisition of control, we believe it is important for the board of Access Group Holdings to appropriately explain to shareholders the future vision of the capital and business alliance with the major shareholder, the possibility of additional acquisitions, dispatch of officers, transfer of control, and policies for protecting minority shareholders. Moreover, we believe that the measures against large-scale purchases of our company's shares, etc., announced by Access Group Holdings on May 15, 2026, must be operated in a way that does not unduly stifle the exercise of shareholder proposal rights, expression of opinions based on public information, and normal dialogue among shareholders. We desire the medium- to long-term enhancement of the corporate value of Access Group Holdings. This shareholder proposal is not merely seeking short-term shareholder returns, but aims to strengthen the company's capital discipline, accountability, shareholder return policy, and the supervisory function of the board of directors as a listed company. For details, please refer to the notice and supplementary materials posted on our website. Our Website: https://rr-dd.com End