Oasis Urges All Kumagai Gumi Shareholders to Hold President Sakurano Accountable and Support the Review of Strategy and Capital Policy as Supported by Leading Proxy Advisors

HONG KONG, June 20, 2023--Oasis Management Company Ltd. ("Oasis") is the manager to funds that beneficially own over 7% of Kumagai Gumi Co., Ltd. (1861 JT) ("Kumagai Gumi", "Kumagai" or the "Company"). Oasis has recently submitted several proposals to the Company for shareholders to vote on at the 2023 Annual General Meeting ("AGM") to be held on June 29, 2023.