Notice Regarding Approval of Share Consolidation, Abolition of Unit Share System and Partial Amendment to the Articles of Incorporation

Overview of the Matter

Shinko Shoji Co., Ltd. approved a share consolidation and partial amendment to the articles of incorporation at an extraordinary shareholders meeting. The share consolidation will consolidate 7,894,651 ordinary shares into 1 share; the effective date is 2026-11-02. The final listing designation date and delisting date are scheduled for 2026-10-29. Fractional shares resulting from the consolidation will be sold to the tender offeror with court permission, and the sale proceeds will be delivered to fractional shareholders. Trading of the shares will no longer be possible after delisting. The amendment to the articles of incorporation will be implemented on the effective date and includes a reduction in the total number of authorized shares and the abolition of the unit share system.

Impact on Investors and Future Schedule

This consolidation will not result in dilution, and fractional share processing is planned to be handled by the tender offeror. After delisting, shares will not be tradable in the market, and shareholders are expected to receive cash consideration. The consolidation timeline begins with this extraordinary shareholders meeting (2026/10/09), the effective date is 2026/11/02, the delisting date is 2026/10/29, and the sale of fractional shares and disbursement of proceeds are planned to be carried out approximately between mid-December 2026 and late March 2027.