On February 10, 2021, Eternity Co., Ltd announced that it has submitted a notification with the purpose of acquire all of the Joban Kaihatsu Co., Ltd.'s common stock and keep the Company's common stock private. Eternity is planning to make important proposals for the purpose of doing so. Specifically, shall consolidate the Company's common stock based on the provisions of Article 180 of the Companies Act and the effect of the reverse stock split. Eternity want to request the Company to hold an extraordinary general meeting of shareholders, which include a partial amendment to the Articles of Incorporation to abolish the provision for the number of shares constituting one unit on the condition that it occurs. Eternity will approve each of the above proposals at the extraordinary general meeting of shareholders.