On August 8, 2022, the Board of Directors of JTOWER Inc. resolved to establish a subsidiary to acquire telecommunications towers in the future. Name: JTOWER Infrastructure2 Inc. Head office address: 2-2-3, Minamiaoyama, Minato-ku, Tokyo. Name and role of representative: The representative partner: Intermediate holding company (a consolidated subsidiary of JTOWER) which is scheduled to be established at the same time. Executive officer: Atsushi Tanaka. Business Profile: Telecommunications Infra-Sharing business. Capital: JPY 0.1 million. Major shareholders and their shareholding ratio: Owned 100% by intermediate holding company (a consolidated subsidiary of JTOWER) which is scheduled to be established at the same time. Establishment of
subsidiary: August 8, 2022 (tentative). Start of operation: Start operations in fiscal year 2022 (tentative).