On April 1, 2026, 5,740,100 Class A preferred shares were converted into common shares, increasing common shares by 5,740,100 shares to a total of 58,328,707 shares.
As of March 31, 2026, 14,030,100 Class A Preferred Shares (69.22% of the total outstanding shares) will be canceled, resulting in 6,240,200 Class A Preferred Shares outstanding after cancellation.
On March 18, 2026, 5,171,800 Type A preferred shares were converted into 5,171,800 common shares, increasing the number of common shares from 47,416,807 to 52,588,607 shares.
As of March 18, 2026, due to the partial conversion of Class A preferred shares into common shares, the voting rights ownership ratio of Mitsui Chemicals, Inc. is expected to decrease from 13.45% to 9.84%, resulting in their exclusion as a major shareholder.
On February 27, 2026, Toyo Engineering Corporation converted 4,659,800 Class A preferred shares into 4,659,800 common shares, increasing the number of common shares from 42,757,007 to 47,416,807 shares.
4,198,500 Class A preferred shares were converted into 4,198,500 common shares, increasing the number of common shares from 38,558,507 shares to 42,757,007 shares.