メニコン（7780） – Notice of transfer of specified subsidiary

January 26, 2022 Menicon Co., Ltd. President and CEO: Hidenari Tanaka Securities Code: 7780 TSE, 1st section, NSE, 1st section Contact: Motonari Watanabe Senior Executive Officer, Corporate Management, CFO Phone: +81-52-935-1646 Notice of transfer of specified subsidiary Menicon Co., Ltd. (“the Company”) hereby announces that the meeting of the board of directors held on January 26, 2022 decided to carry out a capital increase for Menicon Malaysia Sdn. Bhd which is the Company’s wholly owned subsidiary. As a result of the capital increase, Menicon Malaysia Sdn. Bhd will become a specified subsidiary of the Company. 1. Reason for transfer to specified subsidiary As a result of this capital increase, the capital amount of Menicon Malaysia Sdn. Bhd will be equivalent to 10% or more of the Company’s capital, making it a specified subsidiary of the Company. The purpose of this capital increase is to strengthen the production facilities for the daily disposable contact lenses. 1 2. Overview of the subsidiary (specified subsidiary) to be transferred (1) Name (2) Address Menicon Malaysia Sdn. Bhd. 51-21-A Menara BHL Bank, Jalan Sultan Ahmad Shah, (3) Name and title of Managing Director: Koji Kawaura 10050 Penang, Malaysia (4) Description of business Manufacture of contact lenses (5) Capital 17,000 thousand MYR (448 million yen*1, *2) representative (before transfer) (6) Date of established March 9, 2021 (7) Major shareholders and Menicon Co., Ltd. (100%) investment ratio (8) Relationship between Capital ties The Company has a 100% share. the listed company and Personal Three officers and an employee of the this company relations Company concurrently serve as officers of this company. Business There is no business relationship to be noted relationship with this company. (9) Financial Position and FY2020 (Ended March 31, 2021) results of operations*2 Net assets 0 thousand MYR ( 0 million yen ) Total assets 74,241 thousand MYR (1,976 million yen*3) Net Sales 0 thousand MYR ( 0 million yen ) Operating profit 0 thousand MYR ( 0 million yen ) Ordinary profit 0 thousand MYR ( 0 million yen ) Current net income 0 thousand MYR ( 0 million yen ) *1 The Japanese yen conversion rate of the capital is based on the MUFG Bank (Malaysia) reference rate (TTM) (1 MYR = 26.50 yen) at the time of establishment on March 9, 2021 and the Mizuho Bank conversion rate (1 MYR = 26.36 yen) applied at the time of payment on July 21, 2021. *2 Japanese yen amounts are rounded down to the nearest million yen and Malaysian Ringgit amounts are rounded down to the nearest thousand MYR. *3 The Japanese yen conversion rate of the capital is based on the MUFG Bank (Malaysia) reference rate (TTM) (1 MYR = 26.62 yen) on March 31, 2021 2 3. Outline of the change in share capital and shareholding ratio Share capital and shareholding ratio Called-up share capital: 17,000 thousand MYR before the transfer (448 million yen*1, *2) Shareholding ratio of the Company: 100% Share capital and shareholding ratio Called-up share capital: approx. 184,912 thousand MYR after the transfer (Approx. 5,551 million yen) *4 *4 Capital injection will be made in three currencies: Japanese yen, US Dollar, and Malaysian Ringgit with the conversion rate at the time of registration, so the amount of investment may Shareholding ratio of the Company: 100% 4. Date of transfer (date of registration) (provisional) vary. February 18, 2022 6. Forecast The impact of this transfer on the Company’s consolidated business results for the fiscal year ending March 31, 2022 is expected to be minimal. End 3