MTM Capital Co., Ltd. (hereinafter "our company") has consistently aimed to improve the corporate value and maximize shareholder value of Chiiki Shimbun Co., Ltd. (hereinafter "the Company") as a shareholder. Our company's original stance has been to respect the autonomous management decisions of the Company's management. If the Company's stock price were to rise, dividends were paid, and rational management and corporate activities were conducted with consideration for the stock price, we believed there would be nothing specific to say to the Company. However, we believe that the current state of corporate governance under the Company's present management, the risks of conflicts of interest, and the effectiveness of corporate activities aimed at improving shareholder value, including the recent trend in performance and stock price, are situations that warrant careful examination. Furthermore, based on the "Measures Against Large-Scale Acquisition Activities" introduced in 2022, the Company's current management designated our company as a "joint concerted actor" on January 15, 2026. In the course of this process, the Company sent us seven sets of questionnaires, to which we responded sincerely each time. On the other hand, there have been almost no substantive responses to the public questionnaires that we have repeatedly sent, and we cannot help but harbor concerns about this unbalanced approach to two-way dialogue and the purpose of the subsequent measures taken. We cannot overlook the current situation where the interests of existing shareholders are not adequately protected, and from our position as a shareholder, we hereby announce our views on the following series of measures. Detailed materials regarding these views and the history of our dialogue can be found on the following website (URL: https://savechiiki.com/news/). 1. Regarding the Stock Split Questions about the Purpose of the Stock Split: Regarding the measure to split one common share into 1.8 shares