【Itochu Enex】Notice Regarding Controlling Shareholder｜June 17, 2026

Overview of Business Performance

This document primarily explains the matters concerning the controlling shareholder of Itochu Enex, which is Itochu Corporation, the parent company, including the voting rights ownership ratio and details of parent-subsidiary relationships as of March 31, 2026. Itochu Corporation owns 55.71% of the voting rights and has positioned the sales of petroleum products domestically and import/export businesses as its core activities. To ensure transaction fairness, transaction terms based on market prices and deliberation and approval by independent outside directors are in place, and there are no significant issues regarding transactions with the parent company.

Shareholder Relations and Measures to Ensure Transaction Fairness

The Company applies standard market-based terms for transactions with the parent company, and for important transactions, they are deliberated and reviewed by a special committee including independent outside directors before being approved by the Board of Directors. There are no business restrictions from the parent, ensuring independence and autonomy, and measures are also taken to protect minority shareholders' interests. Only one director is concurrently serving other roles, maintaining transparency and fairness in transactions.