Joint IP Development through Capital and Business Alliance with Beaglee

「Nippon Television Network Corporation, a consolidated subsidiary of the Company, resolved at its Board of Directors meeting held on 12 November 2021 to enter into a capital and business alliance agreement with Beaglee Inc. Based on the agreement, it conducted a tender offer for Beaglee Inc.'s common shares from 15 November to 23 December 2021 and acquired the shares. As a result, Nippon Television Network Corporation's voting rights ownership ratio in Beaglee Inc. became 25.43%, making Beaglee Inc. an equity-method affiliate of the Company. The purpose of the capital and business alliance agreement is for both companies to pursue sustained growth as content production companies through joint development of intellectual property (IP), the expanded use of existing IP and IP produced independently by either company, and mutual utilization, while contributing and mutually utilizing their resources through the transaction to maximize their profits.」