TOKYO, Jun 30 (Pulse News Wire) – Trenders,inc. (6069.T) disclosed that Aistyle Co., Ltd.
Holds 31.61% of its voting rights, making it the largest shareholder and a related party. A capital and business alliance agreement was signed on February 14, 2024, aiming to enhance mutual business value through cooperation in marketing services. Under the agreement, Aistyle has certain influence over Trenders' operations, including pre-approval requirements and director nomination rights. However, Trenders maintains that these provisions do not significantly impair its independence.
Additionally, Trenders collaborates with Aistyle's South Korean subsidiary for customer marketing support and advertises on Aistyle’s operating media. All transactions adhere to fair and reasonable conditions, ensuring independent business activities. One out of five directors at Trenders also serves as an employee at Aistyle, contributing to the promotion of their cooperative relationship. In terms of cross-directorships, external director Hamada Ken’ichi concurrently serves as an executive officer CSO at Aistyle due to his extensive knowledge in beauty marketing.
There are no significant matters requiring disclosure concerning transactions with major shareholders.
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