HOYA Corporation announced that it has decided to establish a subsidiary as follows: Purpose of Incorporation of the subsidiary. The subsidiary is to be established to manufacture intraocular lenses for cataract and support intraocular lenses business growth in China. Outline of the Subsidiary.

Name, Hoya Medical (Suzhou) Company Limited, Chinese: Hao Ya Yi Liao (Su Zhou)You Xian Gong Si, Address, Building 1 & 11, 229 Taishan Road, Suzhou New District, Jiangsu Province, People's Republic of China, Representative, Zhao Mian, Date of Incorporation, September 1st, 2023 (plan), Description of Businesses, Manufacturing and distribution of intraocular lenses in China, Paid-in Capital, USD 10 million, Investment ratio, Hoya Holdings (Asia) B.V. 100%. The company name will be finalized upon approval by the relevant Chinese authorities.