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

MTI Ltd. (hereinafter the “Company”) announces that a meeting of its Board of Directors held on May 21, 2021 resolved that Boshimo Inc. (hereinafter “Boshimo”), a wholly owned subsidiary of the Company, will take over the Boshimo maternal health record book app–related business, which is part of the Company’s healthcare business, through a simplified absorption-type company demerger (hereinafter the “Company Demerger”), with an effective date of October 1, 2021.

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