The company's board of directors resolved on February 25, 2026 to establish a subsidiary in Shanghai, China with capitalization of 3 million USD. The new subsidiary will engage in beauty device sales through B-to-C e-commerce platforms in China and qualifies as a specified subsidiary (特定子会社), requiring disclosure under financial instruments and exchange law provisions.
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Summary
The company's board of directors resolved on February 25, 2026 to establish a subsidiary in Shanghai, China with capitalization of 3 million USD. The new subsidiary will engage in beauty device sales through B-to-C e-commerce platforms in China and qualifies as a specified subsidiary (特定子会社), requiring disclosure under financial instruments and exchange law provisions.