Notice Regarding Approval Resolution on Share Consolidation, Abolition of the Designated Number of Shares per Unit, and Partial Amendment of the Articles of Incorporation

Overview of Share Consolidation and Amendment of Articles of Incorporation

Canon Electronics Inc. held an extraordinary shareholders meeting on March 19, 2026, and approved, as originally proposed, the plan to consolidate 6,235,122 shares into one share, abolish the designation of the number of shares per unit, and partially amend the articles of incorporation. As a result, the total number of issued shares will decrease from approximately 40,901,805 shares to 6 shares, and the total number of authorized shares will be 24 shares. Clauses related to the designated number of shares per unit will also be removed from the articles of incorporation.

Impact on Shareholders and Future Schedule

Shareholders holding fractional shares resulting from the share consolidation will be required to sell such fractional shares to the tender offeror, Canon Inc., and will be paid the proceeds from the sale. The sale price will be based on the tender offer price of ¥3,650 per share during the period from December 1, 2025, to January 19, 2026. The stock will be designated as a delisting candidate from March 19, 2026, and will be delisted from the Tokyo Stock Exchange Prime Market on April 21, 2026. Procedures for the sale of fractional shares are scheduled to be conducted between May and July 2026.