Notice of Completion of Share Transfer for Europe Automotive Business

Overview of the Share Transfer

Our company announced the conclusion of the share transfer agreement for the Europe automotive business on May 27, 2026, progressing with the transfer of seven consolidated subsidiaries mainly engaged in the manufacturing and sales of automotive parts for European customers. Based on the share transfer agreement, discussions were underway to complete the transfer by the end of August 2026, and the execution of the share transfer was completed on the local time. This marks the completion of the transfer of the Europe automotive business, representing a significant turning point for our future business strategy.

Future Outlook and Impact

With the completion of the share transfer, the removal of assets and liabilities related to our Europe automotive business is expected to improve our financial condition. Although market conditions and some uncertainties remain, we will focus on domestic and international business restructuring and new business development to achieve sustainable growth. The specific impacts on sales and profit due to the share transfer will be disclosed in due course, but our policy is to enhance corporate value through operational efficiency and resource concentration.