Notice of termination of agreement on business combination contract with AP Acquisition Corp

This is an English translation of the Japanese original. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

On June 16, 2023, JEPLAN, INC. (Representative Director, President, and Chief Executive Officer: Masaki Takao) entered into a business combination agreement with AP Acquisition Corp (the "business combination agreement") and were preparing to list our shares on the New York Stock Exchange. However, as it is unlikely that the minimum cash condition required for the business combination would be satisfied by the business combination deadline, we hereby announce that we have terminated the business combination agreement as of June 16, 2024, based on mutual agreement.


AP Acquisition Corp has filed a termination contract with the U.S. Securities and Exchange Commission, and the documents to be filed (Form 8-K) can be found below.


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