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

Overview of the Share Consolidation

At this extraordinary shareholders' meeting, Proposal No. 1 "Share Consolidation" and Proposal No. 2 "Partial Amendment of the Articles of Incorporation" will be submitted. If the share consolidation is approved, 3,124,872 shares will be consolidated into 1 share. The number of issued shares after consolidation will be reduced to the 30,000-range; fractional shares are expected to be settled by cash delivery off-market with court approval. Delisting is scheduled for January 6, 2027. The stated purpose of the consolidation is to enable corporate restructuring assumed for a two-step acquisition following a full-share purchase by a tender offeror.

Amendments to the Articles of Incorporation and Future Impact

Concurrently with the effective date of the share consolidation, partial amendments to the articles of incorporation will be implemented (changes to the number of authorized shares, removal of provisions for acquisition of treasury shares, abolition of the number of shares per trading unit, clarification of electronic provision measures, etc.). With the abolition of the number of shares per trading unit, fractional shares less than one share will be settled by cash delivery, and trading of the shares will become impossible after delisting. Shareholders should note that fractional share settlement is planned to be paid in cash and that a delisting date has been set.