Notice regarding the approval resolution for stock consolidation, abolition of the unit share system, and partial amendments to the Articles of Incorporation

Approval of stock consolidation and amendments to the Articles of Incorporation

At the extraordinary general meeting, the proposal for stock consolidation was approved as proposed. The consolidation ratio is to merge 4,400,000 shares into 1 share, reducing total issued shares from 26,808,458 to 6. The total number of authorized shares will be reduced to 24. Post-consolidation, the company will be delisted, with the trade termination date after the designation as a settlement stock expected to be September 14, 2026. The partial amendments to the Articles of Incorporation are implemented on the condition that the consolidation takes effect, and include acceleration of provisions such as reduction of issued shares, abolition of the unit share, and removal of electronic provision measures.

Handling of fractional shares and sale by the tender offeror

Fractional shares will be disposed of in accordance with the Companies Act, with the amount corresponding to the fractions distributed to shareholders. Sales proceeds are assumed to be purchased by the tender offeror; if court approval is not obtained, the amount may differ. The sale is planned to be applied for toward late September, with sale after approval around late October and distribution around late December. The method of payment for the sale proceeds will follow the method used for dividend property distribution.