Dear DAO Members

　As already announced, the company plans to list on the NASDAQ in the next few years.

　As part of this milestone, we will offer you the opportunity to exchange SGT for our shares in the future.

1. basic concept: 1.

The subject SGTs are in the official "Preparation Period for Exchange into Shares" announced by the Suzuverse.SGT must be staked. If SGTs are not staked during this preparation period for exchange into shares, they will remain crypto assets and there will be no option to exchange them for shares in the future. At the end of the stake period, the staked SGTs will be exchanged for shares.

2. date of exchange for shares

The date of exchange of SGT for shares will be the date when the company expects to be listed on the stock exchange in light of objective facts. Therefore, the date has not yet been determined.

3.SGT subject to exchange for shares: (Preparation period for exchange for shares) 

To qualify for the exchange for shares, SGT must meet one of the following conditions

• SGT earned through rewards earned on foot by the date of conversion to shares and staked within one month of earning
• SGTs converted to SGTs within one month after the exercise period and staked within the same period
• SGTs earned as stake rewards at the end of the stake period

*SGT purchased externally or obtained from a third party is not eligible for exchange

4. special provisions for SGTs subject to exchange for shares: (preparatory period for exchange for shares)

• Response by each SOT: (SOTs that have already reached the conversion period)

If you have SOT1/SOT2/SOT3:. 

SOTs must be exercised, converted to SGTs and staked by the end of December 2024 (expected); if not completed and staked by the end of December 2024, they will not be eligible for conversion to shares and will remain crypto assets.

• For SOTs whose exercise period begins on or after the date of exchange for shares:. 

New SOTs that are immediately convertible into SGTs will be issued and exchanged for existing SOTs. The conversion period will be one month. If the SOT is not converted during the conversion period, it will become invalid.

• For SOTs issued after the share exchange period:. 

This SOT can be exchanged for SGT during the normal exercise period, but this SGT cannot be exchanged for shares.

5. share exchange ratio:

SGT owners plan to exchange with SGT at a 1:1 ratio (1 share = 1 SGT)

6. need for SGT staking:.

Exercising SOT and staking confirms that the SGT acquired by exercising SOT is held by staking. This also applies to SGTs acquired by staking.

Staking Reward: By staking SGT, you can receive additional SGT with an annual interest rate of up to 200%. SGT earned from staking can also be exchanged for shares.

7. compliance with laws and regulations

The detailed scheme is not yet finalized at this time.

Since it is necessary to comply with Japanese law, we will obtain an expert's written opinion to finalize the case after a careful examination of Japanese law.

However, we have decided to go ahead and convert and stake the stake, so please take action as soon as possible.

We appreciate your continued support and cooperation. More details will be provided as the listing date approaches. Please look forward to further updates!

Thank you for your continued support of SUZUVERSE.

For inquiries, please contact
SUZUVERSE Customer Support Department
support@suzuverse.com