On June 1, 2022, FreeBit Co., Ltd. announced important proposals with the purpose of making Full Speed Inc. a wholly owned subsidiary. Specifically, FreeBit plans to appeal to the Company to hold an extraordinary general shareholders' meeting that would include bills to merge the shares of the Company under Company Law Article 180, and make partial ammendments to article of incorporation to repeal the provision of share units number for the consolidation of shares to become effective. Further, FreeBit intends to approve the bill in this extraordinary general shareholders' meeting.