Decrease in income taxes due to a reduction in the corporate tax rate in the canton where Tillotts Pharma AG is located

「Following the reduction in the corporate tax rate in the Swiss canton where our subsidiary Tillotts Pharma AG is headquartered, deferred tax assets and deferred tax liabilities related to temporary differences and other items expected to reverse from the following consolidated fiscal year onward have been calculated using the reduced corporate tax rate.」

「The corporate tax rate was reduced in the Swiss canton where our subsidiary Tillotts Pharma AG is headquartered. We reviewed the amounts of income taxes and deferred tax liabilities, net of deferred tax assets, using the reduced corporate tax rate.」