Sansan Inc. (the “Company”) announces today that the Company has resolved at the Board of Directors Meeting held on October 8, 2021, to implement a stock split and partially amend the Articles of Incorporation.

1. Purpose of the Stock Split

The purpose of the stock split is to improve the liquidity of the Company’s stock and expand its investor base by reducing the stock price per investment unit.

2. Summary of the Stock Split

(1) Method of the stock split
Each share of common stock owned by shareholders listed or recorded in the closing register of shareholders on the record date of Tuesday, November 30, 2021 will be split into four shares.

(2) Number of shares to be increased by the stock split

(3) Schedule of the stock split

(4) Other
The amount of stated capital will not change as a result of this stock split.

3. Summary of Partial Amendment to the Articles of Incorporation

(1) Reason for the amendment
In conjunction with this stock split, pursuant to Article 184, Paragraph 2 of the Companies Act, the Company will amend Article 6 (Total Number of Authorized Shares) of its Articles of Incorporation, effective Wednesday, December 1, 2021.

(2) Details of the amendment
The detail of the proposed amendment is as follows:

(3) Schedule of the amendment

4. Other

Following the above stock split, the exercise price per share of the stock acquisition rights issued by the Company will be adjusted as follows effective Wednesday, December 1, 2021.