Chang Jae → GEN Restaurant Group, Inc. GENK

Item 4 to the Schedule 13D is hereby amended and supplemented as follows. Pursuant to the Reallocation Agreement, certain shares of Class B Common Stock and Class B Units were transferred by the Reporting Persons for no consideration to David Kim, the chief executive officer and a director of the issuer, and certain of his affiliates to update the recorded holdings of the Reporting Persons following the IPO to more appropriately reflect the relative value of the equity interests contributed pursuant to the Contributiom Agreements (as defined in the Reallocation Agreement). A copy of the Reallocation Agreement is attached hereto as Exhibit 99.2 and incorporated herein by reference.