Announcement Regarding Share Consolidation, Abolition of the Board of Directors Fixed Stock Unit, and Partial Amendment of Articles of Incorporation

Overview of this matter

This is an announcement relating to Muninova Holdings' public tender for our company's shares, stating that a share consolidation will be implemented, the unit share system will be abolished, and a partial amendment to the Articles of Incorporation will be made, with delisting planned. As part of post-consolidation fractional handling, cash payments will be made, and 605,292 shares of treasury stock will be canceled. A framework including a Special Committee for ensuring fairness and other measures has been established to respond according to ownership status after the tender.

Outlook and impact

The effective date of the share consolidation will be October 14, 2026, after which amendments to the Articles of Incorporation will be completed. Delisting is planned with the designation as a special securities section from September 10, 2026, and delisting on October 9. Shareholders will receive cash for fractional shares, and after the tender's completion, the shareholder composition is expected to change significantly. To protect general shareholders' interests, a report from the Special Committee will be obtained, and fairness measures are being implemented.