Notice of Approval of Partial Transfer of Stock Acquisition Rights (No. 10)

Overview of Approval for Transfer of Stock Acquisition Rights

Star seeds Co.,Ltd. resolved at the Board of Directors meeting held on November 13, 2026 to approve a partial transfer of the No. 10 stock acquisition rights. The applicable stock acquisition rights were authorized on June 8, 2026 and allotted on June 25, 2026, and were issued by third-party allotment to Sustainable Energy Investment Business LLC. The transferee in this case is Mr. FOU JOHN CHI CHONG. The number of rights to be transferred is 10,000 units (corresponding to 1,000,000 shares) and the transfer amount is 100,000 yen. Proceeds after the transfer are intended to meet funding needs for the grid-scale battery business, and Mr. FOU has indicated a policy to exercise promptly in consideration of market conditions.

Impact and Outlook

There is no clear statement that this transfer will have a direct impact on operating results; the announcement emphasizes that the purpose is to facilitate fundraising and to secure early funding timed to the needs of the grid-scale battery business. Mr. FOU plans to fund the purchase with personal funds and borrowings from third parties, and appropriateness was confirmed through screening against anti-social forces databases. Depending on future market conditions, a policy for sale of shares may be indicated, but current public information does not specify a direct impact on financial results.