ジーエヌアイグループ（2160） – Monthly Update on the 47th Series Stock Acquisition Rights (Moving Strike Warrants) Exercise Status

Company Name: Representative: Director, Representative Executive Officer, (Security Code: 2160, TSE Growth) Contact Person: Director, Executive Officer, CFO June 1st, 2022 GNI Group Ltd. President and CEO Ying Luo, PhD Joseph Francis Meyer (TEL. 03-6214-3600) Monthly Update on the 47th Series Stock Acquisition Rights (Moving Strike Warrants) Exercise Status With regards to the 47th Series Stock Acquisition Rights (Moving Strike Warrants, hereinafter referred to as “Rights”) issued by GNI Group Ltd., (TSE Growth security code: 2160) on February 25, 2021, the Group reports the status of exercise for May 2022 as follows: (1) Name of the Warrants GNI Group Ltd. 47th Series Stock Acquisition Rights (2) Shared delivered during the applicable month 0 Shares (3) Number of Rights exercised during applicable month 0 Rights (0% of total Rights issued) and ratio of exercised Rights to total Rights issued (4) Number of unexercised Rights as of the end of the 16,449 Rights month preceding the applicable month (5) Number of unexercised Rights as of the end of the 16,449 Rights applicable month (6) Exercise status during the applicable month Exercise Date New issues Transferred Shares delivered Exercise Price (JPY) Total number of exercised Rights treasury stock 0 0 1,203 0 2022 May 1 (Sun) – May 31 (Tue) Regulations” Article 434 (7) Status of Compliance with limitations on exercise in pursuant to the Tokyo Stock Exchange’s “Securities Listing [1] Cumulative number of shares [2] Shares outstanding as of the [3] Exercise ratio ([1]/[2])(%) delivered (shares) date of issuance of the Rights (subject to stipulated exercise 0 45,887,943 0 limit)