#TohoTitaniumCoLtd

JX Nippon Metal will make Toho Titanium a wholly owned subsidiary through a share exchange, with the effective date scheduled for June 1, 2026. The share exchange ratio is 0.70 JX Nippon Metal shares per 1 Toho Titanium share. Toho Titanium is scheduled to be delisted on May 28, 2026.

Toho Titanium Co., Ltd. will hold an extraordinary general meeting of shareholders on April 24, 2026, where approval of the stock swap agreement for full subsidiary acquisition by JX Metals Corporation will be proposed. The record date is March 12, 2026.