(Update of Disclosed Matters)
Notice on the Status of Obtaining
Approvals and Permits from Relevant
Authorities in Thailand
for the Acquisition of Shares of Consolidated Subsidiary
LINE MAN CORPORATION PTE. LTD. and Future Outlook

1. Review by the Thai authorities

As scheduled in the Notice Dated September 11, 2025, LY consolidated LMWN as a consolidated subsidiary on September 30, 2025. As stated in *8 of "4. Number of shares, etc. held before and after the change" in the Notice Dated September 11, 2025, LY had been undergoing a review process to obtain approvals and permits from relevant authorities in Thailand for the additional acquisition of LMWN shares through its subsidiary, LINE SOUTHEAST ASIA CORP. PTE. LTD. (hereinafter the "Additional Acquisition"). LY has now received notification from the relevant local authority dated May 14, 2026, stating that no approvals or permits are required for the Additional Acquisition. Please note that no other approvals or permits are required for the Additional Acquisition.

2. Future outlook

Based on the review results by the relevant authorities in Thailand stated in 1. above, as well as discussions, etc. with related parties, LY plans to complete the Additional Acquisition within August 2026. As stated in 1. above, LMWN is already a consolidated subsidiary of LY. Accordingly, the impact of the Additional Acquisition on the Company's consolidated financial results for the current fiscal year is expected to be minimal.

3. Other reference information

As a result of the Additional Acquisition stated in 2. above, the number of shares of LMWN indirectly held by the Company and the ratio of voting rights are expected to be as follows.

(1) Number of LMWN shares indirectly held: 81,046,672 ^*1

(2) Ratio of voting rights: 60.9% ^*2