Notice of Absorption-Type Merger (Simplified, Short-Form) with Consolidated Subsidiary

MTI Ltd. hereby announces that a meeting of the Board of Directors held on July 28, 2017 resolved to conduct an absorption-type merger of Climb Factory Co., Ltd., a consolidated subsidiary.
The contents of this release have been partially abbreviated because the Merger is a simplified, absorption-type merger of a wholly owned subsidiary of the Company.

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