Continuation of Policy Toward Large-Scale Purchases of the Company’s Shares (Takeover Defense Measures)

At the GMO Internet Group, Inc. (“the Company”) Board of Directors meeting held on March 13, 2006, with the unanimous approval of all directors, we introduced a policy concerning the response to Large-Scale Purchases of the Company's shares. Since then, we have continued this policy through resolutions at the first Board of Directors meeting held after our annual General Meeting of Shareholders each year.

The Company’s Board of Directors has thoroughly reviewed the changes in the social and economic situation, the "Guidelines for Corporate Takeovers" announced by the Ministry of Economy, Trade and Industry on August 31, 2023, and recent trends in court decisions. Furthermore, by listening to the opinions of market participants and others, we are carefully deliberating on the review and continuation of our policy in light of the joint interests of our shareholders and the maintenance and enhancement of our corporate value.

As a result, we have decided to continue our policy of continuity, which was determined at our Board of Directors meeting held on March 21, 2024. This decision was made in today's Board of Directors meeting, which includes three external directors. We hereby inform you of this decision. The effective period of the continuation policy is until the conclusion of the first Board of Directors meeting held after our Annual General Meeting of Shareholders for the fiscal year ending in December 2025, from March 22, 2024.

For the details of the countermeasures against a Large-Scale Purchase of the Company’s shares, please see the attachment.
There are no substantive changes to the content of the policy.
There are no proposals for Large-Scale Purchases of the company’s shares as of today.

https://ir.gmo.jp/en/pdf/irlibrary/gmo_disclose_info20240321_e.pdf