Disclosure Policy

Basic disclosure policy

Yappli, Inc. (the "Company") maintains its basic disclosure policy to provide information in an accurate, fair and timely manner to all stakeholders of the Company, including its shareholders and investors, in compliance with the Financial Instrument Exchange Act, Timely Disclosure Rules of the Tokyo Stock Exchange (hereinafter referred to as “Timely Disclosure Rules") and other relevant laws and regulations. Furthermore, we intend to proactively disclose information which we consider important or helpful for shareholders and investors to better understand us.

Method of information disclosure

Disclosure of information subject to the Timely Disclosure Rules is carried out on the Timely Disclosure Network provided by the Tokyo Stock Exchange (TDnet), while disclosure of annual securities reports, quarterly reports and other documents required under Financial Instrument Exchange Act, etc. are made on the Electronic Disclosure System provided by the Financial Services Agency (EDINET). Any information thus disclosed is also promptly announced on the IR page of the Company's website. We will also widely disclose information that is not subject to the Timely Disclosure Rules but is considered important or useful through such means as posting on our website.

Quiet period

In order to prevent the leakage of financial results including quarterly financialresults information and ensure fairness in information disclosure, the Company has designated a quiet period from the day following the last day of the fiscal year (quarterly settlement) to each financial statement announcement date. During this period, we will refrain from responding to or commenting on any questions regarding financial results or results forecasts. However, the Company will make announcements as appropriate and in a timely manner in the event of a material fact which the Company determines may affect investors' decisions, or if such information is required to be disclosed under applicable laws, regulations or Timely Disclosure Rules.

Prevention of insider trading

In order to prevent the occurrence of insider trading, the Company has established relevant internal rules and strives to ensure full dissemination, and facilitate understanding of, such rules among the officers and employees of the Company.

Establishment of internal structures

In line with this Disclosure Policy, the Company strives to construct and enhance its internal systems in order to ensure appropriate information disclosure in accordance with relevant laws and regulations, as well as the Timely Disclosure Rules.