Notice Concerning Reorganization (Company Demerger and Absorption-Type Merger (Simplified/Short-Form Merger)) of Wholly Owned Subsidiary, MEDIANO Ltd.

MTI Ltd. (hereinafter the “Company”) announces that a meeting of its Board of Directors held on August 20, 2021 resolved to transfer the M&A business and the content business of its wholly owned subsidiary, MEDIANO Ltd. (hereinafter the “current MEDIANO”), to the new MEDIANO Ltd. (hereinafter the “new MEDIANO”) through a company demerger effective September 30, 2021, and to absorb the current MEDIANO (scheduled to change its trade name to MEDIANO Corporation as of September 30, 2021), which will operate the advertising agency business after the company demerger.

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