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This document announces that Intrance Inc. has resolved to dissolve and liquidate its overseas subsidiary, Yingsong (Shanghai) Business Consulting Co., Ltd. The subsidiary was engaged in inbound customer delivery services but faced challenges in sending customers to hotels outside the group, leading to unsustainable operational costs. As a result, the decision was made to dissolve the subsidiary. The company plans to continue its inbound customer delivery business through collaboration with external firms. The document also includes details about the subsidiary's overview, recent financial performance, the timeline for liquidation, and future outlook.
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This document announces that Intrance Co., Ltd. has resolved to dissolve and liquidate its overseas subsidiary, Yingsong (Shanghai) Business Consulting Co., Ltd., during a board meeting. Intrance Shanghai was engaged in inbound customer delivery business but faced challenges in sending customers to hotels outside the group, leading to a burden of operational costs. To prioritize business efficiency, the decision was made to dissolve the subsidiary. The inbound customer delivery business will continue through collaboration with external companies. The liquidation process will follow local laws, and the impact on the company's performance for the fiscal year ending March 2026 is expected to be minor.