On April 8, 2022, Daifuku Co., Ltd. announced important proposals for the purpose of make Contec Co., Ltd a wholly owned subsidiary. Specifically, Daifuku shall be the special controlling shareholder stipulated in Article 179, Paragraph 1 of the Companies Act, Volume 2, Chapter 2 of the same Act. Pursuant to the provisions of Section 4-2, all shareholders of the Company "excluding the Company and Daifuku" required to sell all of the issued common stock of the Company owned.