Notice Regarding Planned Commencement of Tender Offer for Muraki Co., Ltd.

Overview of the Offer

This matter announces ikuyo Co.,Ltd.'s plan to acquire Muraki shares through a tender offer (TOB) under the Financial Instruments and Exchange Act. The offer price is 3,000 yen per share, and the planned maximum number of shares to be purchased is 486,300 shares, which is expected to enable acquisition of a majority of Muraki's issued shares. The offer will commence upon satisfaction of the conditions precedent, and is scheduled to begin no later than five business days thereafter; the exact start timing depends on the satisfaction of conditions precedent and progress of consultations. After the tender offer, the target's shares are planned to remain listed, with an anticipated voting rights ratio of 50.13%.

Post-Offer Policy and Impact

After the offer, ikuyo Co.,Ltd. intends to acquire control of the target's management and deepen business collaboration while maintaining a governance structure that includes independent outside directors. The company is considering establishing a Dual / Business Collaboration Promotion Committee and exploring expansion of car care-related businesses, joint development, mutual supply, and joint procurement to create multi-energy hubs. It will thoroughly consider minority shareholders' interests and seek to determine transaction terms through a special committee composed of independent outside directors.