【Notice】JCM has commenced liquidation proceedings of its consolidated subsidiary JCM GOLD (H.K.) LTD.

November 8, 2024

Japan Cash Machine Co., Ltd.

(Securities code:6418)

  Japan Cash Machine Co., Ltd. ("JCM") hereby announces that it has resolved to dissolve and liquidate JCM GOLD (H.K.) LTD., a consolidated subsidiary, at the Board of Directors meeting held today.

  JCM GOLD(H.K.) LTD. ("JCMHK") was established in Hong Kong in June 1987 as our subsidiary. Since then, JCMHK has served as the main manufacturing base for a variety of products, including bill validator units for use in casino halls, which laid the foundation for our development as a global company.

  However, we have transferred all of JCMHK’s manufacturing operations to J-CASH MACHINE GLOBALMANUFACTURING (PHILIPPINES)INC. （"JCMPH"）, which was established in the Philippines in 2020. The construction of a new plant has been completed at JCMPH, and we are working to increase production capacity for the further growth of the Group and to establish an optimal production system that can avoid all risks, including the effects of exchange rate fluctuations and geopolitical risks.

  As a result, JCMHK has completed its role as a manufacturing base and has decided to dissolve and liquidate. The subject consolidated subsidiary will resolve to dissolve in accordance with local laws and regulations, and complete the liquidation as soon as the necessary procedures are complete.