SENKO Group Holdings Co., Ltd. (TSE:9069) made an offer to acquire remaining 29.3% stake in Chuo Kagaku Co., Ltd. (TSE:7895) for ¥3.2 billion on December 20, 2022. Under the terms of transaction, SENKO Group will acquire remaining 7.9 million shares at ¥418 per share. Post completion,Chuo Kagaku will become a wholly owned subsidiary of the SENKO Group Holdings. A special committee was set up to serves as an advisory body to the Target Company As the settlement of the First Tender Offer was completed on December 20, 2022 as described above, the Tender Offeror, based on the resolution of the board of directors meeting held on November 14, 2022, decided to , the Tender Offeror conducted the Second Tender Offer in order to acquire Target Company Shares other than the Target Company Shares acquired in the First Tender Offer (excluding treasury shares owned by the Target Company). At the board of directors meeting held on December 20, 2022, the Target Company will support the Second Tender Offer, and the shareholders who own the Target Company Shares will apply for the Second Tender Offer. If the Tender Offeror is unable to acquire all of the Target Company Shares (excluding treasury shares owned by the Target Company) through the Dual Tender Offers, the Tender Offeror will ), the squeeze-out procedures will be implemented after the procedures for the Second Tender Offer are completed. After the completion of the Squeeze-out Procedures, and upon exemption from the obligation to submit an annual securities report, the Tender Offeror's ownership ratio of the Target Company Shares after the Reinvestment will be 60%, and Mitsubishi Corporation's Target Company Shares will be reinvested. The transfer price of the reinvested shares will be set at 27,050,171 shares so that the post-ownership ratio will be 40%. Second Tender Offer will commence from December 21, 2022 to February 7, 2023. The Tender Offeror has not obtained an opinion on the fairness of the Second Tender Offer Price (fairness opinion) from PwC Advisory

SENKO Group Holdings Co., Ltd. (TSE:9069) completed the acquisition of 26.14% stake in Chuo Kagaku Co., Ltd. (TSE:7895) on February 7, 2023.