【TOHO Titanium】Notice of Transition to a Company with Audit & Revision of Articles of Incorporation | May 2026

Overview of Transition to a Company with Audit & Revision of Articles of Incorporation

TOHO Titanium is scheduled to become a wholly owned subsidiary of JX Metals through a share exchange on June 1, 2026, and will subsequently transition to a company with an audit function. To facilitate this, a partial amendment to the articles of incorporation is planned for June 18, 2026. This transition aims to simplify organizational structures and improve operational efficiency, along with delisting and changes in shareholder makeup. The amendments will include establishment of a new audit committee, removal of electronic provision measures, and revisions to regulations concerning officers and share management.

Schedule and Impact Moving Forward

The effective date of the share exchange is June 1, 2026, with the transition to a company with an audit function scheduled for June 18, 2026. The amendments to the articles of incorporation will become effective on the same date, leading to delisting and changes in shareholder composition. Investors should pay attention to future organizational changes and modifications in share management. While specific officer appointments and earnings guidance are not determined yet, these measures are important steps toward organizational restructuring and efficiency improvements.