Notice Regarding the Cancellation for Making a Consolidated Subsidiary a Wholly Owned Subsidiary Through a Simplified Share Exchange

(Note: This document has been translated from the Japanese original for reference purposes only. In the event

of any discrepancy between this translated document and the Japanese original, the original shall prevail.)

December 22, 2025

President and CEO

(Securities Code: 8570, Prime Market) Inquiries: Shinichiro Nishimura, Managing Executive Officer

(Tel: +81 3-5281-2027)

AEON Financial Service Co., Ltd. (the "Company") hereby announces that, with respect to the matter disclosed in the "Notice Regarding Making a Consolidated Subsidiary a Wholly Owned Subsidiary Through a Simplified Share Exchange" dated November 28, 2025, concerning the

Company's plan to make its consolidated subsidiary, A･C･S Credit Management Co., Ltd., a wholly

owned subsidiary through a simplified share exchange (hereinafter, the "Share Exchange"), the Board of Directors resolved today to cancel the Share Exchange.

The Company is currently reviewing its business portfolio to provide customers with more "safe, secure, convenient, and cost-effective services anytime, anywhere" and to achieve further corporate growth through appropriate resource allocation in its core payment business and growth areas overseas. As part of this review, the Company shall implement this Share Exchange to ensure more appropriate allocation of management resources within the Group and to execute strategic investments. As we have decided to review the entire scheme of the Share Exchange, the Company has decided to cancel the Share Exchange.

There will be no impact on the Company's consolidated financial results.

End