Notice Regarding Acquisition of Shares Constituting a Buy-Up Act of Geolive Group Co., Ltd. (Securities Code: 3157)

Overview of Share Acquisition

Benia Shokai Co., Ltd., a wholly owned subsidiary of Sumitomo Forestry Co., Ltd., resolved to acquire 3,608,389 shares of Geolive Group Co., Ltd. as an in-kind dividend on April 1, 2026. This acquisition represents over 5% on a voting rights basis and constitutes a buy-up act equivalent to a tender offer under the Financial Instruments and Exchange Act. There is no change in the number of shares held by Sumitomo Forestry on a consolidated basis before and after the in-kind dividend, and Geolive Group remains an equity-method affiliate.

Shareholders and Future Impact

This share acquisition is conducted through an in-kind dividend and does not change Sumitomo Forestry's consolidated holding ratio. The voting rights ratio of Geolive Group stands at 27.25%, continuing its classification as an equity-method affiliate. For investors, the impact associated with the actual acquisition of shares is considered limited; however, as this constitutes a buy-up act under the Financial Instruments and Exchange Act, appropriate disclosure has been made.