Notice of Share Consolidation and Delisting | May 2026

Overview of Share Consolidation and Articles of Incorporation Amendment

MCJ approved a share consolidation and partial amendment to the Articles of Incorporation at the extraordinary general meeting held on May 27, 2026. The consolidation ratio is set at 23,500,000 shares into 1 share. As a result, the total number of issued shares will be reduced to 4, and delisting is scheduled. Fractions resulting from the consolidation will be sold, and the proceeds will be distributed to shareholders. The purpose of the consolidation is to privatize the shares and streamline the market.

Impact on Shareholders and Future Schedule

The share consolidation will significantly reduce the number of shares, and trading on the market will cease following delisting. Fractions will be sold to a tender offeror with court approval, and proceeds are expected to be paid to shareholders in late September 2026. Post-consolidation, it is anticipated that only the tender offeror will hold shares, leading to changes in ownership and shareholder rights.