Other material management matter

What happened

Other Material Management Matter

1. Reason for submission: Withdrawal of merger decision

2. Key details

1. Overview 1) The Company resolved at its board meeting on April 29, 2026 to merge with YMP Lighting Co., Ltd. (a small-scale merger under Article 527-3 of the Commercial Act, in which the Company would absorb YMP Lighting), executed a merger agreement on April 30, 2026, and proceeded with the merger procedure. Subsequently, by board resolution and supplementary agreement on July 1, 2026, the merger effective date was changed to October 1, 2026. 2) Under the merger procedure, the Company was to proceed with small-scale merger procedures, while YMP Lighting was to proceed with procedures under Article 522 of the Commercial Act. However, in the course of the merger procedure, a creditor of YMP Lighting indicated its dissent to this merger, making it difficult to proceed further with the merger procedure. In light of this situation, after careful internal review, the Company decided by board resolution to suspend the merger procedure currently underway, and agreed with YMP Lighting to terminate the merger agreement.

2. Details of the withdrawal 1) Date of original disclosure submission: April 29, 2026 2) Date of withdrawal decision: October 1, 2026

3. Reason for withdrawal 1) Reason for withdrawal: Withdrawal of the merger decision following termination of the merger agreement 2) Reason for termination: Indication of dissent to the merger by a creditor of YMP Lighting 3) Date of contract termination: October 1, 2026 4) Basis for contract termination: Article 12 (Amendment and Termination of the Agreement) of the merger agreement - After execution of this agreement and before the merger effective date, the surviving company and the extinguished company may, after consultation, change the terms of the merger or terminate this agreement due to an act of force majeure or other cause. Accordingly, the parties to the merger decided, through board resolution and consultation, to suspend the progress of this merger and withdraw the decision to carry out this merger. Investors should note that the merger-related schedule and all procedures that had been planned on and after the merger effective date (October 1, 2026), including matters disclosed after the date of this report, have been cancelled.

4. Date of decision (occurrence): 2026-10-01

5. Other matters for reference in investment decisions: -