Notice of Dissolution and Liquidation of Nisshin Asia Investment Advisory (Shanghai) Co., Ltd.

Section Heading

This is an important notice regarding the dissolution and liquidation of Nisshin Asia Investment Advisory (Shanghai) Co., Ltd. The company, which provided investment information and management support in China, resolved to liquidate after recovering its investments. Going forward, overseas operations will be conducted domestically from the local network. The main decision date is scheduled for the end of September 2026. Because tax burden related to liquidation is not yet determined, the near-term impact on our performance is unknown at this time.

Second Section Heading

The company subject to dissolution overview includes its name, location, representative position, business activities, capital, establishment date, major shareholder composition, and relationships. It provides the consolidated results and financial position for the most recent 3 fiscal years by accounting period; net assets are 6 million yuan, total assets are 6 million yuan, and operating income, ordinary income, and net income for the period are all between -3 and -1 million yuan. Going forward, emphasis is on the fact that tax burden has not been determined.