Establishment of Australian Subsidiary

Ohsho Food Service Corp. (the "Company") hereby announces that its Board of Directors has resolved at a meeting held today to establish a 100% owned subsidiary in Australia, as detailed below. 1. Purpose of the Establishment In Australia, the new subsidiary will develop a Japan-originated, fast-casual "Gyoza Diner." Featuring gyoza (pan-fried dumplings)—a staple of Japan's everyday food culture—as