Notice on the Subsidiarization of Thien Long Group Corporation and Tender Offer (Acquisition of Shares Involving Transfer of Specific Subsidiary)

Overview of M&A and Corporate Restructuring

Kokuyo Co., Ltd. has, as part of the project to make Thien Long Group Corporation a subsidiary, acquired all shares of Thien Long An Thinh Investment Corporation (TLAT) and indirectly acquired shares held by the founders of TLG. Through the acquisition of TLAT shares, Kokuyo Co., Ltd. now indirectly holds 46.82% of the total issued shares of TLG, and the voting rights ratio for TLG remains at 46.82%. The plan to make TLG a consolidated subsidiary is targeted to take effect on January 1, 2027, and will proceed fully after approval at the extraordinary shareholders meeting. The impact on this fiscal year's consolidated results is expected to be minimal; further disclosures will be made as additional information becomes available.

Outlook and Impact on Shareholders

While the financial impact of the TLAT share acquisition and the subsidiarization of TLG is judged to be limited, approval of TLG's final consolidation as a subsidiary could affect consolidated results from 2027 onward. Specific figures will be disclosed following the results of the extraordinary shareholders meeting and at the time of announcement.