Welcia Holdings to cancel all treasury shares ahead of business integration

Welcia Holdings Co., Ltd. announced a resolution by its board of directors on November 18, 2025, to cancel all of its treasury shares. This cancellation is an integral part of a share exchange agreement with Tsuruha Holdings Inc., where Tsuruha Holdings will acquire all shares of Welcia Holdings by December 1, 2025, to finalize a business integration. The cancellation will occur immediately before Tsuruha Holdings completes the acquisition of all issued shares.

The cancellation will involve common stock, comprising all treasury shares held by Welcia Holdings at the Record Time. This includes shares acquired through share purchases based on dissenting shareholders' appraisal rights and 113,098 shares acquired without compensation after the Director Remuneration BIP Trust completion. The scheduled cancellation date is December 1, 2025.

As of August 31, 2025, Welcia Holdings reported 1,552 shares of treasury stock out of a total of 209,822,860 issued shares. This move aligns with the strategic objectives outlined in the "Notice Concerning Execution of a Share Exchange Agreement for Business Integration between Tsuruha Holdings Inc. and Welcia Holdings Co., Ltd.," released on April 11, 2025.