Notice of Transition to a Company with an Audit and Supervisory Committee

Overview of Transition Policy

Itoki Corporation has resolved to transition to a Company with an Audit and Supervisory Committee, subject to approval at the 77th Ordinary General Meeting of Shareholders scheduled for late March 2027. The primary objective of the transition is to ensure managerial agility while enhancing transparency and fairness. Specifically, the company plans to delegate part of the important business execution decisions stipulated in the Articles of Incorporation to executive directors, allowing the Board of Directors to focus on deliberating medium- to long-term management strategies and supervising business execution. An Audit and Supervisory Committee, composed of a majority of outside directors, will be established, with committee members who hold voting rights responsible for oversight.

Procedures and Impact Going Forward

The transition is conditional on shareholder approval at the General Meeting in late March 2027; detailed matters, including amendments to the Articles of Incorporation and personnel changes for directors, will be announced separately as they are decided. Through the new structure, the company aims to strengthen the agility of management decision-making and the supervisory functions of the Board, while enhancing stakeholder trust.