Notice Concerning Acquisition of Shares of Company Succeeding to the TODAY'S SPECIAL and GEORGE’S Businesses of WELCOME Co., Ltd. via Absorption-Type Demerger, Converting Said Company to a Subsidiary

At a meeting held today, the Adastria Co., Ltd. (“Adastria”) Board of Directors resolved to acquire all outstanding shares (“Acquisition”) of a company (“Target Company”) scheduled to succeed the TODAY’S SPECIAL and GEORGE’S businesses of WELCOME Co., Ltd. via an absorption-type demerger, making said Target Company a subsidiary of Adastria.

This transaction will be conducted by having TODAY’S SPECIAL Co., Ltd., wholly owned subsidiary of WELCOME Co., Ltd., succeed the TODAY’S SPECIAL and GEORGE’s businesses via absorption-type demerger, with Adastria then acquiring all shares of Target Company.