TOEI COMPANY, LTD. announced that its Board of Directors resolved at a meeting held on May 15, 2024 to redevelop the Toei Hall (head office building) and relocate the Head Office. Reasons for the redevelopment of the Toei Hall (head office building): The Toei Hall, which opened in 1960, has served as the head office and directly operated movie theater for over 60 years. However, because of the aging of the building and facilities, substantial repair and renovation costs are expected if the building is to continue to be used.

The decision was made to redevelop the property as an income-producing real estate to maximize its effective use. This redevelopment is one of the specific measures of the Toei Group's Medium-to Long-term Vision Toei New Wave 2033. Details of the redevelopment of the Toei Hall (head office building): Address: 3-2-17, Ginza, Chuo-ku, Tokyo, Japan.

Site area: 1,100.81 m2 (332.99 tsubo).Application, development details, and development period: The Company will build a commercial facility with a hotel and retail stores. The development period is scheduled to be from 2025 to 2029. The Company will separately announce the schedule, building outline and other details as soon as they are finalized.

Operation of Marunouchi TOEI and Marunouchi TOEI (directly managed theaters)The cinema will cease operations by the summer in 2025. The box office business will continue through the cinema complex (218 screens as of May 15) operated by a group company, T-JOY CO., LTD. New head office location: Address: 2-2-1, Kyobashi, Chuo-ku, Tokyo (in Kyobashi Edogrand building). Relocation Date: Scheduled for summer 2025.

Impact on business performance: Related costs associated with the head office relocation are currently under scrutiny. If the need for timely disclosure regarding this matter arises, the Company will promptly disclose the details.