Kai Vaughn

To the Shareholders:

Notice of the Resolutions Adopted at the 29th Ordinary General Meeting of the Shareholders

Japan Asia Group Limited hereby informs you of the matters reported, and the matters resolved at the 29th Ordinary General Meeting of the Shareholders held today.

Sincerely yours,

Tetsuo Yamashita
Chairman and Chief Executive Officer
Japan Asia Group Limited
2 Rokubancho, Chiyoda-ku, Tokyo

Matters Reported:

1.Business Report, Consolidated Financial Statements and Audit Report by Independent Accounting Auditor and Audit & Supervisory Board for the 29th Fiscal Term (from April 1, 2015 to March 31, 2016)
2.Financial Statements for the 29th Fiscal Term (from April 1, 2015 to March 31, 2016)

Jul. 2015 Dissolved holdings company structure (Japan Asia Holdings Limited, KOKUSAI KOGYO HOLDINGS CO., LTD.)

JAG Energy Co., Ltd. and Kokusai Land & Development Co., Ltd. amalgamated into JAG Energy Co., Ltd.

May. 2015 Admitted to First Section of Tokyo Stock Exchange (Code: 3751; Company abbreviation: JAG)

Mar. 2015 Ashigara-Oi SolarWay (13 MW) completed in Kanagawa

Dec. 2014 Seabell International Co., Ltd. becomes consolidated subsidiary (name changed to JAG Seabell Co., Ltd.)

Apr. 2012 Acquired 100% ownership of KOKUSAI KOGYO HOLDINGS CO., LTD. by restructuring organization

Oct. 2009 Distribute first investment trust fund "Solar energy fund Euro solar fund 0910" Jun. 2009Established Miyazaki Solar Way Co., Ltd.

Feb. 2009 Former Japan Asia Group Limited merged with two other companies start a pure holding company, new formation Japan Asia Group ( Tokyo Stock Exchange Mothers Index:3751)

Sep. 1999 Opened representative office in Tokyo

Dec. 1998 Japan Asia Holdings Limited (Hong Kong) Established by Tetsuo Yamashita and Sandra Wu.

In 2009, we made a full-fledged entry into the green energy field, with a focus on the development of large scale solar power plants. We promote solar power business to contribute to the revitalization and development of the region through our nationwide sales network, and our long-standing, trust-based relationships with national and local governments.

We are one of Europe' s leading large-scale solar PV developers. 60 MW and counting! With the launch of feed-in-tariffs in 2012, this is one of the hottest markets in the world.

This innovative public-private partnership delivered not only 1,050kW generation capacity, on 3.9 km of elevated track that was formerly used to test Maglev trains, but it is also a valuable best practice to expedite the uptake of solar.

The 25th of May 2015 marked our new beginning; on that day, Japan Asia Group was listed in the first section of the Tokyo Stock Exchange. We are the 1,890th company to be admitted to this esteemed group. I hereby express my gratitude to all who supported us and our endeavors to create green communities.

The UN Member States adopted the Sendai Framework for Disaster Risk Reduction, the SDGs (Transforming our World: The 2030 Agenda for Sustainable Development ), and the Paris Agreement on climate change in 2015. The actions that must be taken by countries in the developed world, to address climate change, protect the environment and Earth, and to develop sustainably, have been outlined, and green energy affirmed; we will start debating on our collective practical steps in 2016. My expectation is that our society itself will be required to change, unrecognizably, in the process of transforming our world, not only nations, local governments, businesses and all kinds of organizations, but even down to the individual. Businesses will be required to innovate in the direction of low carbon or de-carbonized products and services while maintaining their corporate growth.

Our society is rapidly ageing with falling birthrates; at the same time, expectations towards corporate citizens to address environmental issues including climate change has never been so high. We are at a turning point as a society right now. As a company that aims to solve societal issues through technology and finance, Japan Asia Group has been presented with an opportunity to make great strides towards our own sustainable growth.