We have been informed that TTY Management B.V. is an asset management company fully-owned by Fast Retailing President, Chairman and CEO, Tadashi Yanai. The aim of the stock assignment is to enable TTY Management B.V., as the ongoing holder of the Fast Retailing stock, to use the dividend resources to implement consistent, far-reaching global social action programs.

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"The concept of truly great clothing includes conducting ourselves in good faith, respecting human rights, and respecting the environment across all business activities. This statement is intended to communicate the steps that Fast Retailing has taken during the fiscal year ended August 31, 2020 in accordance with the California Transparency in Supply Chains Act (SB 657) and UK Modern Slavery Act of 2015. Fast Retailing is committed to taking action to eliminate slave labor and human trafficking from our supply chain and our own businesses."