Absorption-type Merger of Z Financial Corporation, a Wholly Owned Subsidiary (Simplified Merger and Short-Form Merger) and Change in Specified Subsidiary

As notified in “Notice Regarding Decision on Basic Policy for Absorption-type Merger of Z Financial Corporation, a Wholly Owned Subsidiary” dated December 17, 2024, LY Corporation (hereinafter the “Company”) has announced its basic policy to carry out an absorption-type merger. In this merger, the Company will be the company surviving the absorption-type merger and Z Financial Corporation, a wholly owned subsidiary of the Company, will be the disappearing company absorbed in the absorption-type merger. The Company hereby announces that at the meeting of the Board of Directors held on May 16, 2025, the Company resolved to carry out the merger based on the basic policy, effective August 1, 2025.

For details, please refer to the following announcement published today.
https://www.lycorp.co.jp/en/ir/news/auto_20250514548519/pdfFile.pdf