Change in Specified Subsidiary

FOOD & LIFE COMPANIES LTD. (the “Company”) hereby announces that the Board of Directors of the Company, at its meeting held on September 30, 2026, resolved to transfer a portion of the business of its consolidated subsidiary (subsubsidiary), Beijing Sushiro Restaurants Co., Ltd. (“Beijing Sushiro”), through a company split (absorption-type split) to a newly established company, Shanghai Sushiro Re