July 20, 2023 To Whom It May Concern Company name: Representative: Inquiries: coconala Inc. Ayumu Suzuki, Chief Executive Officer (Code number: 4176 TSE Growth) Seiichiro Matsumoto, Chief Financial Officer TEL. +81-3-6712-7771 Notice of Establishment of Subsidiary through Company Split (Simplified Incorporation-type Company Split) We hereby announce that our Board of Directors has resolved at a meeting held today to transfer the rights and obligations related to our legal consultation business (the "Business") to our wholly owned subsidiary, coconara Legal Consultation, Inc. (the "New Company"