[Kotobuki Spirits] Notice of Partial Amendment to Articles of Incorporation｜May 14, 2026

Overview of the Amendment

Kotobuki Spirits will partially amend its Articles of Incorporation to enhance flexibility in capital and dividend policies by enabling the Board of Directors to resolve on dividend distributions from surplus. This change transitions from the previous system requiring shareholder approval at the general meeting to a more flexible approach decided by the Board. The amendments include establishing new decision-making bodies and criteria for surplus dividend distributions and setting a new record date. The current provisions on record dates and interim dividends will be deleted. The shareholders' meeting is scheduled for June 25, 2026, and the amendments will take effect on the same day.

Future Outlook and Impact on Shareholders

With this amendment, Kotobuki Spirits will increase the flexibility of its capital policies, enabling swift management decisions and optimized capital allocation. This is expected to improve dividend stability and flexibility for shareholders. Going forward, the company plans to proceed with more efficient capital management after approval at the shareholders' meeting.