PharmaResearch Co., Ltd. (KOSDAQ:A214450) agreed to Spin-Off Research, manufacturing and sales division of pharmaceuticals, medical devices, cosmetics on June 13, 2025. The Allocation ratio is of 0.2572056 to Amount ratio of 1 share. After the spin-off, the spin-off surviving company shall be a holding company in accordance with the Antitrust Regulation and Fair Trade Act i.e, PharmaResearch Holdings Co., Ltd. The plan of division may be partially modified or changed by the board of directors or the CEO before the general meeting of shareholders for approval of the plan of division, depending on changes in business, plans and circumstances of the spin-off company, consultation process with related organizations, or related laws and regulations, and may be changed during the approval process of the general meeting of shareholders. In addition, if the plan of division is approved by the extraordinary general meeting of shareholders scheduled to be held on October 17, 2025, it may be amended or changed by the resolution of the board of directors of the spin-off company or the decision of the CEO in the case of the resolution of the board of directors of the spin-off company in the case of amendments or changes to the extent that such modifications or changes are not disadvantageous to the shareholders of the surviving company or the new spin-off company unless the amendments or changes are reasonably necessary and (ii) the amendments or changes to the extent that they do not impair the homogeneity. Such modifications and changes shall be effective upon publication or publication in accordance with relevant laws and regulations. Listing plan of new shares of a spin-off company The spin-off company submits an application for preliminary examination for re-listing to the KOSDAQ market Base date for new stock allotment will be on October 31, 2025 and Scheduled listing date of new shares on December 10, 2025.

PharmaResearch Co., Ltd. (KOSDAQ:A214450) cancelled the Spin-Off Research, manufacturing and sales division of pharmaceuticals, medical devices, cosmetics on July 8, 2025.