PicoCELA Inc. Shareholder Meeting Summary

PicoCELA Inc. held an Extraordinary General Meeting of Shareholders and a Common Stock Shareholders Meeting on June 18, 2026. All proposals were approved by the shareholders. Proposal 1 involved a partial amendment to the Articles of Incorporation, including increasing authorized Class A Preferred Shares, amending the conversion rate of Class A Preferred Stock to Common Stock, and adding the COO to the roles of convening and chairing shareholder and board meetings. Proposal 2 entailed the preferential issuance of up to 20,000,000 Class A Preferred Shares at a minimum price of US$0.25 per share to "About Investment Pte. Ltd." to raise capital for restructuring and business operations. Proposal 3 was the election of two directors, Lim Kien Leong and Jong Han Rey Foo, who are not members of the Audit and Supervisory Committee. The election of these directors is contingent upon the approval of Proposal 2 and the subsequent payment for the issued Class A Preferred Shares. The company aims to reinforce its supervisory function with these new directors.