Notice Concerning Succession of Luna-Luna Medico-related Business by Wholly Owned Company through Company Demerger (Simplified Absorption-type Company Demerger)

MTI Ltd. (hereinafter the “Company”) announces that a meeting of the Board of Directors of the Company held on May 21, 2021 resolved that Luna-Luna Medico Inc. (hereinafter “Luna-Luna Medico”), a wholly owned subsidiary of the Company, will take over the Luna-Luna Medico diagnostic support business for gynecologists and obstetricians, which is part of the Company’s healthcare business, through a business demerger and transfer (simplified absorption-type company demerger) (hereinafter the “Company Demerger”). The Company Demerger will be effective on July 1, 2021.

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