On May 10, 2022, Chuo Gyorui Co., Ltd. announced important proposals for the purpose of make Hohsui Corporation a wholly owned subsidiary. Specifically, Chuo Gyorui shall acquire all of the Company's common stock and make it a wholly owned subsidiary, and is planning to make important proposals for that purpose. Definitely, Chuo Gyorui shall be the special controlling shareholder stipulated in Article 179, Paragraph 1 of the Companies Act, Volume 2, Chapter 2 of the same Act., and based on the provisions of Section 4-2, will request all shareholders of the Company to sell all of the issued common stock.