On April 21, 2021, Joban Kaihatsu Co., Ltd. announced the Voting Results from Shareholders General Meeting held on April 20, 2021, the proposals from Eternity Co., Ltd. were approved with the votes of the shareholders. About (i) Reverse stock split, Ratio of merger 260,000 shares of the Company will be merged into 1 share, Effective date of the reverse stock split will be May 26, 2021, and Total number of issuable shares on the effective date is 12 shares. (ii) Partial amendment of articles of incorporation: If the proposal for the reverse stock split is approved and passed as originally proposed and the reverse stock split becomes effective, the only person who holds one or more shares of the Company will be the Tender Offeror.