RISE to Amend Articles of Incorporation at Upcoming Shareholder Meetings

TOKYO, Jul 29 (Pulse News Wire) – RISE Inc. (8836.T) announced that it has resolved to amend its articles of incorporation at upcoming extraordinary shareholder meetings scheduled for August 31, 2026.

The amendments aim to remove provisions related to extinguished redemption rights for preferred shares and allow for conversion of preferred shares into common shares upon request from preferred shareholders at a ratio of one preferred share to one common share. The proposed changes include the deletion of Article 15, which previously outlined the conditions for preferred shareholders to redeem their shares for either common stock or cash until July 31, 2017. Additionally, the amendment removes restrictions on the number of preferred shares that can be converted into common shares.

The amended articles will take effect on August 31, 2026, coinciding with the conclusion of the shareholder meetings. RISE Inc.’s board resolution follows a thorough review aimed at streamlining governance structures and aligning with current regulatory requirements. The company plans to hold separate meetings for ordinary shareholders and A-class preferred shareholders to address these changes.