Notice of Change to the Statement of Support and Recommendation to Tender by Kamgras 1 Co., Ltd. Regarding the Tender Offer for Our Shares

Overview of the TOB and Revisions

This IR notifies a change to the statement of support and recommendation to tender by Kamgras 1 Co., Ltd. regarding its tender offer for the Company's shares. The offer price was changed from 3,681 yen to 3,682 yen, and the offer period was extended by 10 business days; multiple correction filings have been made. The Special Committee continues to leave the decision to support and tender to shareholders and stock acquisition right holders. The notice also mentions the possibility of treasury stock acquisition and reissuance related to the tender offer.

Future Schedule and Impact

While monitoring the likelihood of the TOB succeeding and market impacts, further extensions and price revisions are possible. At this time, there is no change to the Special Committee's recommendations, and the decision to support and tender remains with shareholders. The timing and conditions for any treasury stock acquisition or reissuance are TBD, but the measures are structured to pursue capital policy objectives and maximize shareholder value.