Announcement of Stock Split and Partial Amendment to the Articles of Incorporation in Connection with the Stock Split

IR NEWS

Date: November 7, 2025

Contact: Director, Managing Executive Officer

Hisashi Honda Tel: +81-3544-2000

Hanwa Co., Ltd. ("Hanwa") hereby announces that, Hanwa resolved to conduct a stock split and partially amend the Articles of Incorporation in conjunction with the stock split at the Board of Directors meeting held on November 7,2025 as follows.

1. Stock split

   1. Purpose of stock split

      By conducting a stock split, Hanwa aims to improve the liquidity of its shares and expand its investor base by lowering the price per investment unit.

   2. Overview of stock split

      1. Method of stock split

         Hanwa shall conduct a stock split at a ratio of five shares for every one share of common stock held by shareholders registered or recorded on the final shareholder register on Tuesday, March 31, 2026.

      2. Number of shares to be increased by the stock split

         Total number of outstanding shares before the stock split	42,332,640 shares
         Number of shares to be increased by the stock split	169,330,560 shares
         Total number of outstanding shares after the stock split	211,663,200 shares
         Total number of shares authorized to be issued after the stock split	570,000,000 shares

   3. Schedule

      Date of public notice of the record date	Monday, March 16, 2026
      Record date	Tuesday, March 31, 2026
      Effective date	Wednesday, April 1, 2026

   4. Other

   There will be no change in the amount of share capital at the time of the stock split.

2. Partial amendment to the Articles of Incorporation in connection with the stock split

1. Reason for amendment to the Articles of Incorporation

   In connection with the stock split, and pursuant to a resolution of the Board of Directors based on Article 184(2) of the Companies Act, part of Hanwa's Articles of Incorporation will be amended as follows, effective Wednesday, April 1, 2026.

2. Contents of amendment

   (Amendment underlined.)

   Current	As amended
   Article 6. (Total number of shares authorized to be issued) The total number of shares the Company is authorized to issue shall be one hundred and fourteen million (114,000,000).	Article 6. (Total number of shares authorized to be issued) The total number of shares the Company is authorized to issue shall be five hundred and seventy million (570,000,000).

3. Schedule

# # #