Notice Regarding the Absorption-Type Merger (Simplified Merger) of a Wholly Owned Subsidiary

Key points of this matter

Today, Oke Industries resolved to absorb Well You Food by absorption-type merger. The effective date is planned for August 31, 2026. Surviving company: Oke Industries; dissolving company: Well You Food. No share distribution, and no handling of Well You Food’s stock acquisition rights, etc. Through the integration of wholly owned subsidiaries, we aim to optimize management resources and improve operational efficiency. The impact on consolidated results is expected to be minor.

Impact on finances, capital and future outlook

Capital remains unchanged as a result of this merger, and there are no planned changes to the fiscal year-end, headquarters location or representative's name; both companies will continue their professional-food wholesale business. In addition, because the merger is a simplified/short-form merger, shareholder meeting approval is not required, and future financial impact is expected to be limited.