Valuence : Announcement Concerning Cancellation of Stock Acquisition Rights (Stock Options)

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect, or any other forms of damages arising from this translation.

February 24, 2022

To Whom It May Concern,

Company name: Valuence Holdings Inc.

Representative: Shinsuke Sakimoto, Representative Director

(Securities Code: 9270; TSE Mothers)

Contact:Shinichiro Sato, Director and CFO

(Phone [phone])

Announcement Concerning Cancellation of Stock Acquisition Rights (Stock Options)

Valuence Holdings Inc. (the "Company") announces that the Company passed a resolution concerning the cancellation of a portion of stock acquisition rights at a Board of Directors meeting held today. Please refer to the details below.

1. Summary of the stock acquisition rights to be cancelled

(1)	Name of the stock acquisition	3rd series of stock	4th series of stock
	rights	acquisition rights	acquisition rights
(2)	Total number of remaining	4,564 units	1,682 units
	stock acquisition rights
(3)	Class and number of shares	45,640 shares of the	168,200 shares of the
	underlying the remaining stock	Company's common stock	Company's common stock
	acquisition rights	(10 shares per stock	(100 shares per stock
		acquisition right)	acquisition right)
(4)	Value of assets for exercising	450 yen per share	4,605 yen per share
	the stock acquisition rights
(5)	Number of the stock	2 units	192 units
	acquisition rights to be
	cancelled
(6)	Date of cancellation	February 24, 2022	February 24, 2022
(7)	Number of the stock	4,562 units	1,490 units
	acquisition rights to remain
	after the cancellation

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.

2. Reason for cancellation of the stock acquisition rights

Upon the retirement of persons eligible to receive the 3rd series of stock acquisition rights and the 4th

series of stock acquisition rights already issued by the Company, the Company acquired a portion of the remaining stock acquisition rights without consideration and held them as treasury stock acquisition rights under the Company's name. However, the Company has no intention to exercise the treasury stock acquisition rights, and has therefore cancelled these stock acquisition rights.

3. Effect on financial results

The above will have no effect on the consolidated financial results of the Company Group.

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