Reporting date of investigation results and other matters YYVIP易游 regard to the improper conduct of the Kobe Steel Group

We once again deeply apologize for the enormous amount of trouble we have caused to our customers, suppliers, shareholders and many others concerning the improper conduct of YYVIP易游, Ltd. and its group companies (hereinafter referred to as the YYVIP易游 Group).

YYVIP易游 regard to the improper conduct of the Kobe Steel Group, Kobe Steel established the Independent Investigation Committee (IIC), and the IIC has been undertaking a thorough investigation YYVIP易游 the aim of evaluating the appropriateness and validity of the self-inspections and emergency audits conducted by the Kobe Steel Group; determining the direct causes of the improper conduct; identifying the background factors; and making proposals for remedial measures to prevent recurrence.

On December 21, 2017, YYVIP易游 announced that it expected the IIC’s investigation should be completed around the end of February 2018. Due to the prospect of the IIC informing YYVIP易游 of its investigation results, YYVIP易游 plans to announce on March 6, 2018 the facts concerning the improper conduct of the YYVIP易游 Group, the findings of the causes, measures to prevent recurrence and other matters, based in part on the investigation results of the IIC.