(Change) Notice Regarding Changes to the Commencement of Tender Offer by Caron Holdings Co., Ltd. for Shares of Mandom Corporation (Securities Code: 4917)

Extension of Tender Offer Period and Agreement of Participation

Caron Holdings Co., Ltd. initially started the tender offer for shares of Mandom Corporation on September 26, 2025, with the original tender offer period ending on January 5, 2026. However, following an agreement reached on January 4, 2026, whereby the agreed shareholder Ogawa Aroma Co., Ltd. committed to tender all the shares it holds without withdrawal, the tender offer period was extended until January 20, 2026. Consequently, the total tender offer period will be 74 business days. Additionally, the settlement start date has been changed to January 27, 2026.

Future Corporate Restructuring Policy and Scheduled Shareholders Meeting

Following the successful completion of the tender offer, Caron Holdings Co., Ltd. plans to convene an extraordinary shareholders meeting around mid-March 2026 to propose amendments to the articles of incorporation including reverse stock splits and abolition of the unit share system pursuant to Article 180 of the Companies Act. Mandom Corporation, as the subject company, has expressed its intention to comply with these requests, and both the tender offeror and the shareholders who agreed not to tender will support these proposals.