Welcia Holdings to cancel treasury stock ahead of Tsuruha merger

Welcia Holdings announced its board of directors resolved to cancel all of its treasury shares, effective December 1, 2025. This decision aligns with the share exchange agreement for its business integration with Tsuruha Holdings, as announced on April 11, 2025. Tsuruha Holdings is scheduled to acquire all of Welcia Holdings' outstanding shares by December 1, 2025, at which point Welcia Holdings will cancel its treasury shares.

The cancellation will encompass all common stock held as treasury shares at the record time. This includes shares acquired through dissenting shareholders' appraisal rights and 113,098 shares anticipated to be obtained without compensation following the termination of the Director Remuneration BIP Trust.

As of August 31, 2025, Welcia Holdings held 1,552 treasury shares out of a total of 209,822,860 issued shares. The scheduled cancellation date is December 1, 2025, coinciding with the completion of the share exchange.