March 23, 2022

Listed Company Name:

Chugai Mining Co., Ltd.

Stock Code Number:

1491

Stock Exchange:

Tokyo Stock Exchange (2nd Section)

Website:

www.chugaikogyo.co.jp

Representative:

Katsutoshi Haga, CEO and President

For Inquiry:

Isao Sakuraba, IR Center (Telephone: (03)3201-1541)

Changes in Major Shareholder who is the Principal Shareholder

Chugai Mining Co., Ltd. (the "Company") hereby announces details of a change in major shareholder who is the principal shareholder effective March16, 2022.

1. Events leading to the changes:

Following the submission of a Major Shareholding Report (Change in Major Shareholding Report) on March 23, 2022 to the Kanto Local Finance Bureau, the Company confirmed changes in its major shareholders as of March 16, 2022.

2. Overview of the major shareholder that has been changed:

(1)

Name

SBI Securities Co., Ltd.

(2)

Address

1-6-1 Roppongi, Minato-ku, Tokyo

(3)

Representative's name and title

Masato Takamura, President & Representative Director

(4)

Business outline

Financial instruments business

3. Number of voting rights (number of shares) held by said shareholder and the percentage of ownership in relation to the number of voting rights among all shareholders before and after the change:

Number of voting rights

Percentage of

Shareholding rank

voting rights among

among major

(number of shares held)

all shareholders

shareholders

Before the change

333,310

11.58

1st

as of March 14, 2022

(33,331,000 shares)

After the change

220,271

7.65

1st

as of March 16, 2022

22,027,100 shares

*1 The above information is based on a change reported on the Large Shareholding Report submitted by the said shareholder on March 18 for "Before the Change" and March 23 for "After the Change" and the Company has not confirmed the number of shares in beneficial ownership in the name of said corporation.

*2 The percentage of voting rights among the shareholders are calculated based on total number of shares outstanding as of September 30, 2021 before and after the change and the total number of shares held by the shareholders (2,879,095 shares) after deducting the shares without voting rights. Values at or below the third decimal point has been rounded off.

*3 Shareholding rank among major shareholders is an estimate made by the Company based on the register of shareholders as of September 30, 2021.

4 Future outlook:

The changes will not affect the financial performance of the Company.

This is an English translation of the financial report created in Japanese.

Should there be any discrepancies between the Japanese original and the English translation, the Japanese original shall prevail.

Copyright ©2022 Chugai Mining Co. Ltd. All Rights Reserved

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Chugai Mining Co. Ltd. published this content on 23 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 March 2022 04:37:04 UTC.