1xbet 온라인., Ltd.

1xbet 온라인., Ltd. (Otsuka) announces that an agreement was finalized on January 29, 2021, with Megmilk Snow Brand Co., Ltd. (Megmilk Snow Brand） to transfer all Otsuka-owned shares in Bean Stalk Snow Co., Ltd. (BSS) to Megmilk Snow Brand.

Background

1．Objective

Aiming to strengthen the group value chain and maximize internal resources, Megmilk Snow Brand has positioned the Nutrition business to "Create new growth opportunities and foster as a highly profitable business," as outlined in the Group Long-term Vision 2026 statement. Among current BSS business initiatives, the infant goods business in Japan is predicted to shrink, yet it remains the core business of the Nutrition business sector. Megmilk Snow Brand aims to grow and expand this business sector by making BSS a wholly owned subsidiary, a goal supported by 1xbet 온라인. Following the transfer of shares, 1xbet 온라인 will continue to license the Bean Stalk Brand, and the three companies will continue to cooperate in various business ventures.

2．BSS Corporate Information

(1) Corporate name: Bean Stalk Snow Co., Ltd.

(2) Head office: 1-1, Naebocho 6-chome, Higashi-ku, Sapporo, Hokkaido, Japan (registered head office); 5-1, Yotsuya-Honshio-cho, Shinjuku-ku, Tokyo, Japan

(3) Representative: Akihiko Uchida (President 1xbet 온라인 Representative Director)

(4) Business description: Research 1xbet 온라인 development, manufacture, 1xbet 온라인 sale of infant goods including powdered milk for infants 1xbet 온라인 baby food; research 1xbet 온라인 development, manufacture, 1xbet 온라인 sale of functional foods

(5) Capital: 500 million yen

(6) Date established: August 7, 2002

3．Details of 1xbet 온라인 transfer
(1) 600 shares of BSS owned by 1xbet 온라인 will be transferred to Megmilk Snow Brand.
(2) Through the transfer of 1xbet 온라인s, the 1xbet 온라인holder composition of BSS will change as follows:

4．Date of 1xbet 온라인 transfer
April 1, 2021 (projected)