Notice Concerning Organizational Restructuring through Establishment of an Intermediate Holding Company, Etc. by Share Transfer of a Consolidated Subsidiary

MTI Ltd. (hereinafter the “Company”) announces that the Board of Directors of the Company resolved at its meeting held on May 12, 2021 to establish MTI HEALTHCARE HOLDINGS CORPORATION (hereinafter “MTI-HC-HD”) as an intermediate holding company in the area of the healthcare business to facilitate an organizational restructuring between MTI-HC-HD and the companies under its umbrella (hereinafter “Organizational Restructuring”).

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