Notice Regarding the Share Transfer of C&J HD, Our Investee

Acquisitions

Summary

JAFCO Group announced that it transferred all of its shares in C&J HD to Kandenko. C&J HD exists to hold shares in GCU, an IT services company that provides consulting, system development, operations support, and quality assurance. JAFCO says it supported GCU’s management structure, hiring, sales expansion, and integration efforts since its investment in 2023. The company describes Kandenko Group as the best partner for GCU’s next stage of growth and expects the move to create new growth opportunities.

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