This announcement is a separate document:
C&Fロジホールディングス：ＡＺ-ＣОМ丸和ホールディングス株式会社による当社株式に対する公開買付けに関する意見表明（反対）のお知らせ
Chilled & Frozen Logistics Holdings: Notice of expression of opinion (opposition) by AZ-COM Maruwa Holdings Co., Ltd. regarding the tender offer for our shares
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