On March 28, 2022, Genesis Co., Ltd. plans to make important proposals for the purpose of unlisting Arte Salon Holdings,Inc. Specifically, Genesis shall consolidate the Company shares "Reverse Stock Split" based on Article 180 of the Companies Act. The agenda includes partial amendment of the Articles of Incorporation "Amendment of the Articles of Incorporation" to abolish the provision of the number of shares constituting one unit on condition that the consolidation of shares becomes effective. Genesis plan to request the Company to hold an extraordinary shareholder meeting. Naoki Yoshihara has verbally agreed with Genesis that they will exercise their voting rights in favor of each of the proposals at this extraordinary general meeting of shareholders.