WPG Holdings (3036) Board Approves GDR Issuance for Capital Increase

Announcement Date: 2026/05/22 Company Code: 3036 Company Name: WPG Holdings Subject: Board resolution to issue common shares via cash capital increase and Global Depositary Receipts (GDRs).

Details: 1. Resolution Date: May 22, 2026 2. Source of Funds: Cash capital increase and GDR issuance. 3. Issuance Volume: Tentatively 75,000,000 to 100,000,000 shares. The Board Chairman is authorized to determine the final amount based on market conditions. 4. Issuance Price: Calculated based on average closing prices, discounted according to international standards and market conditions, in coordination with underwriters. 5. Employee Subscription: 10% reserved for employees of the company and its subsidiaries. 6. Public Offering: The remaining 90% offered via GDRs in international markets. 7. Use of Proceeds: Financing foreign-currency material purchases and repaying foreign-currency bank loans. 8. Global Lead Underwriter: Citigroup Global Markets Limited.