May 6, 2021

05/06/2021 | 02:33pm EDT Message : （2）Consignor： （4）Beneficiary： This is a translation of the original Japanese release. The Japanese text shall prevail in case of any variance between this version and the Japanese text. Company Tokyo Stock Exchange First Section Code: 3328 Contact TEL Update on the Implementation of "E-Ship®" (Employee Shareholding Incentive Plan) Tokyo, Japan - 6 May 2021 - BEENOS Inc. (BEENOS) announced on 18 February 2021 that it has resolved to implement an Employee Shareholding Incentive Plan (E-Ship®) to incentivize BEENOS employees to commit to the growth of the company on a mid-long-term basis. The timing of setting up the trust and the allotted period regarding E-Ship® has determined to be the following. All updates have been underlined. BEENOS ESOP Trust Fund The Nomura Trust and Banking Co., Ltd. Those who meet the criteria to become a beneficiary (Will become beneficiary after a formal procedure once the criteria are met) （5）Trust Contract Date： 6 May 2021 （6）Trust Term： 6 May 2021 ~ 28 April 2026 （7）Purpose of Trust： To provide a consistent and stable trust assets in the ESOP to all qualified beneficiaries （8）Criteria to become Beneficiary： All persons who are alive and are in BEENOS's ESOP program (including any persons who withdrew from the ESOP program by way of retirement, transfer or promotion to officer between the Contract Date and the registration date) at the time of the beginning of registration to become a beneficiary (the day conversion of trust assets into cash ends by way of the Trust Term ending, the day all BEENOS shares allotted to trust assets have been sold, etc.) 2．Details of the BEENOS Shares to be purchased by BEENOS ESOP Trust Fund (1) Type of Shares to be acquired： Ordinary Shares 369 Million JPY (total to be loaned by the Fund) (3) Period Shares will be acquired： 11 May 2021 ~ 10 June 2021 (4) Share Acquisition Method： To be purchased from the stock exchange market The purchasing price was initially set at approximately 300 Million JPY but has increased to 369 Million JPY due to an increase in BEENOS's ESOP program after E-Ship was announced. BEENOS believes that as its employees have ownership in the company, they will become more inclusive and conscious of business decisions and contribute to the maximization of the company's value. - 1 -