Notice Regarding Company Split (Absorption-Type Split) Between Consolidated Subsidiaries

Overview of This Absorption-Type Split

Aplix Corporation will carry out an absorption-type split between consolidated subsidiaries, designating Global Cast as the split company and SMC as the successor split company. The objective is to integrate and strengthen the FVNO business within the group, improving the competitiveness of the optical fiber service business by consolidating customer bases and know-how. Regarding dates, the board resolution date and the contract execution date are September 29, 2026, and the effective date is scheduled for November 1, 2026. There will be no consideration paid, no treatment of stock acquisition rights, and no increase or decrease in capital.

Future Impact and Structure

This split is an organizational restructuring between wholly owned subsidiaries and is expected to have only a minor impact on the consolidated group's performance. Assets, liabilities, and contracts to be succeeded will be transferred within the scope of the absorption-type split agreement. There will be no changes to basic information such as company name, address, representative, or business content after the split, and the group will aim to improve operational efficiency through integration of the FVNO business.