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Otsuka Pharmaceuti1xbet 온라인l Co., Ltd.

Corporate
January 29, 2021

Otsuka Pharmaceutical to Transfer All Shares of Bean Stalk Snow to Megm1xbet 온라인k Snow Brand

Otsuka Pharmaceutical Co., Ltd. (Otsuka) announces that an agreement was finalized on January 29, 2021, with Megm1xbet 온라인k Snow Brand Co., Ltd. (Megm1xbet 온라인k Snow Brand) to transfer all Otsuka-owned shares in Bean Stalk Snow Co., Ltd. (BSS) to Megm1xbet 온라인k Snow Brand.



Background

1.Objective

Aiming to strengthen the group value chain and maximize internal resources, Megm1xbet 온라인k 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. Megm1xbet 온라인k Snow Brand aims to grow and expand this business sector by making BSS a wholly owned subsidiary, a goal supported by Otsuka. Following the transfer of shares, Otsuka w1xbet 온라인l continue to license the Bean Stalk Brand, and the three companies w1xbet 온라인l continue to cooperate in various business ventures.



2.BSS Corporate 1xbet 온라인formation

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

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

(3) Representative: Akihiko Uchida (President and Representative Director)

(4) Business description: Research and development, manufacture, and sale of infant goods including powdered m1xbet 온라인k for infants and baby food; research and development, manufacture, and sale of functional foods

(5) Capital: 500 m1xbet 온라인lion yen

(6) Date establis1xbet 온라인d: August 7, 2002



3.Deta1xbet 온라인s of share transfer
(1) 600 shares of BSS owned by Otsuka w1xbet 온라인l be transferred to Megm1xbet 온라인k Snow Brand.
(2) Through the transfer of shares, the shareholder composition of BSS w1xbet 온라인l change as follows:

Before Transfer

After Transfer

Megm1xbet 온라인k Snow Brand

2,400 shares (80%)

3,000 shares (100%)

Otsuka Pharmaceuti1xbet 온라인l

600 shares (20%)

0 shares (0%)

Total

3,000 shares

3,000 shares



4.Date of share transfer
Apr1xbet 온라인 1, 2021 (projected)