Otsuka Holdings revises share transfer for equity-method affiliate

Otsuka Holdings Co., Ltd. announced a partial amendment to its "Notice Regarding Change of Equity Method Affiliate (Transfer of Shares)," originally announced on July 25, 2025. The amendment concerns the transfer of shares in Otsuka Medical Devices Co., Ltd., revising details regarding the transferee and the scheduled transfer execution date.

The change stems from a request by Jonathan W. Chen, one of the original five counterparties. Delays in completing necessary share transfer procedures led Mr. Chen to request a postponement of the closing date and a change in the contracting party from himself to Jubilee Hills Limited, an entity he owns. Otsuka Holdings has agreed to these changes to facilitate the transfer of 20,000,000 shares.

Consequently, the revised transferee now includes Jubilee Hills Limited alongside Goal Carol Limited and Jumbo Glorious Limited. The share transfer agreement was executed on July 25, 2025, as originally planned, but the new scheduled closing date for the transfer is now the end of August or September, 2025. All other aspects of the share transfer remain unchanged, with no capital, personal, or business relationships between Otsuka Holdings and the transferees.