Notice Regarding Establishment of Overseas Subsidiary

Overview of Business Development

Today, the Board of Directors resolved to establish a subsidiary in Vietnam. The new subsidiary will plan, import, and sell cosmetics and supplements, and will be responsible for local EC store operations, marketing, branding, and market development. Through the local corporation, the company will promote regulatory and compliance measures, price and brand management, intellectual property protection, and the accumulation and use of purchasing data, aiming to improve AXXZIA Inc.'s brand recognition and credibility. In the future, offline wholesale will also be considered, contributing to global expansion by serving as an important hub in Southeast Asia.

Schedule and Capital Structure

The subsidiary name is planned as AXXZIA COSMETIC VIETNAM CO., LTD (tentative), headquarters planned in Ho Chi Minh City, equity ownership ratio 100％, establishment scheduled for March 2027, and business commencement from April 2027 onward. Mr. Akifumi Kobayashi, Deputy Manager of the New Business Promotion Department of the Company, is scheduled to be appointed as the representative. The decision was made at the Board of Directors meeting dated 2026-10-28, and the fiscal year-end will be the end of December.