Notice Regarding Approval of Share Consolidation, Abolition of the Number of Shares Per Trading Unit and Partial Amendment of the Articles of Incorporation

Overview of Capital Policy

At this extraordinary general meeting of shareholders, Proposal No. 1 (share consolidation) and Proposal No. 2 (partial amendment of the articles of incorporation) were approved as proposed. Under the consolidation, ordinary shares will be consolidated at a ratio of 2,487,400 shares into 1 share, with an effective date scheduled for November 27, 2026. The total number of issued shares after the consolidation will be 5 shares, and the provision on the number of shares per trading unit will be abolished. Accordingly, the total number of authorized shares will be reduced to 20 shares. In connection with the consolidation, cash payments are planned for fractional shares, and fractional shares are expected to be sold to the tender offeror (Terra Co.,Ltd.). Delisting is scheduled for November 25, 2026.

Impact on Shareholders and Future Procedures

Fractional shares will arise as a result of the consolidation, and, after obtaining court approval, these fractional shares will be sold to the tender offeror. Payment of the sale proceeds will be prepared for distribution to shareholders after obtaining court approval, targeting early to mid-January 2027 for commencement of payment procedures, with distribution expected to be completed by early March 2027. After the consolidation, shareholders will be limited to the tender offeror and Tommy Corporation, and provisions in the articles of incorporation such as record date provisions and the electronic provision system will no longer be necessary.