Nihon Chouzai sets record date for potential EGM on share consolidation

Nihon Chouzai Corporation announced on August 26, 2025, that it has set September 30, 2025, as the record date for determining shareholders eligible to vote at a planned Extraordinary General Meeting of Shareholders (EGM) in mid-November 2025. An announcement regarding this record date will be published on September 12, 2025, via electronic public notice on the company's website.

The EGM's agenda, if convened, is expected to include a share consolidation based on Article 180 of the Companies Act and an amendment to the articles of incorporation to abolish the unit share system. These proposals are contingent on AP86 Inc.'s tender offer for Nihon Chouzai shares being successful, but not all target shares being acquired by AP86 Inc. AP86 Inc. and Max Planning Co., Ltd. are expected to support these resolutions.

Nihon Chouzai stated that this record date was set in anticipation of the EGM, following a request from the tender offeror. The company confirmed that if the tender offer does not conclude successfully, or if AP86 Inc. acquires all target shares, the EGM will not be held, and the record date will not be utilized. Further details regarding the EGM's date, location, and specific proposals will be announced once determined.