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Announcement regarding cancellation of stock issue and secondary offering of consolidated subsidiary Cybertrust Japan Co., Ltd.


SB Technology Corp.

Cybertrust Japan Co., Ltd. (hereinafter referred to as "CTJ"), a consolidated subsidiary of our company, today announced the following decision.

Record

At the board of directors meeting held on March 13, 2020, CTJ resolved to issue shares through public offering and third-party allotment in conjunction with the listing of common shares on the Mothers market of Tokyo Stock Exchange. Taking into comprehensive consideration various circumstances such as recent stock market trends due to the global spread of the coronavirus, the board of directors meeting held on March 31, 2020 decided to cancel the issuance of shares for subscription and the stock secondary offering. We would like to inform you that we have decided to postpone the listing procedures accordingly.
Regarding the resumption of listing procedures in the future, we plan to make a comprehensive decision based on stock market trends and other factors.

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Contact information for inquiries from media regarding this matter

○ SB Technology Corp. Corporate Planning Division Corporate Planning Department
Email: sbt-ir@tech.softbank.co.jp