On September 26, 2023, the Board of Directors of JTOWER Inc. resolved to establish a subsidiary ("the subsidiary") to acquire telecommunications towers in the future. The company planned to establish a structure that utilizes a scheme to establish a subsidiary as SPC (Special Purpose Company) for the future acquisition of telecommunications towers and in anticipation of future financing, and the establishment of the subsidiary is an approach as part of this structure. Name: JTOWER Infrastructure3 Inc. Head office address 2-2-3, Minamiaoyama, Minato-ku, Tokyo, Business Profile Telecommunications Infra-Sharing business. Capital JPY 0.1 million. Date Established September 26, 2023 tentative. Owned 100% by intermediate holding company (a consolidated
subsidiary of JTOWER) which is scheduled to be established at the same
time.