Completion of improvements under the measures to prevent recurrence and continuation of ongoing efforts
CORREC HOLDINGS Inc. and its group subsidiaries, including the energy business subsidiary
All subsidiaries, all officers and employees of the Group, the grant application operations of the energy business subsidiary, and the customer consultation desk
Company response
The Compliance and Risk Management Committee meets monthly, attended by members of the Board of Directors as well as the General Manager of the Technology Division, the Head of the Internal Audit Office and others.
Strengthening group governance by improving subsidiary oversight functions, Changing the awareness of all Group officers and employees regarding governance, Reviewing and strengthening the management structure, Reviewing the business processes related to grant applications, Establishing a customer consultation desk
Each department will promote the measures to prevent recurrence, while the Compliance and Risk Management Committee will lead monitoring and verification of whether the Group-wide operating status and implementation structure are functioning effectively. Compliance awareness activities through training, internal newsletters and other means will also continue.
This disclosure concludes the Company's reports on progress regarding the measures to prevent recurrence.
| Item | Details |
|---|---|
| Event name | Completion of improvements under the measures to prevent recurrence and continuation of ongoing efforts |
| Date of occurrence | 14 April 2026 (the Board of Directors confirmed the completion of the improvements at today's meeting) |
| Subject Entity | CORREC HOLDINGS Inc. and its group subsidiaries, including the energy business subsidiary |
| Target Locations / Products | All subsidiaries, all officers and employees of the Group, the grant application operations of the energy business subsidiary, and the customer consultation desk |
| Investigation structure | The Compliance and Risk Management Committee meets monthly, attended by members of the Board of Directors as well as the General Manager of the Technology Division, the Head of the Internal Audit Office and others. |
| Measures to prevent recurrence | Strengthening group governance by improving subsidiary oversight functions, Changing the awareness of all Group officers and employees regarding governance, Reviewing and strengthening the management structure, Reviewing the business processes related to grant applications, Establishing a customer consultation desk |
| Outlook | Each department will promote the measures to prevent recurrence, while the Compliance and Risk Management Committee will lead monitoring and verification of whether the Group-wide operating status and implementation structure are functioning effectively. Compliance awareness activities through training, internal newsletters and other means will also continue. |
| Planned follow-up disclosure | This disclosure concludes the Company's reports on progress regarding the measures to prevent recurrence. |
Items this document does not state (17)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To restore stakeholder confidence and establish a sound corporate culture by implementing measures to improve subsidiary oversight, group governance, compliance awareness, the financial closing and financial reporting processes, and grant application operations, among others.