Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

May 29, 2024
Company Name: Asahi Broadcasting Group Holdings Corporation
Representative: Susumu Okinaka, Representative Director and President(Securities Code: 9405, Tokyo Stock Exchange Prime Market)
Inquiries: Daisuke Niizuma, General Manager, Group Strategy Division(TEL: +81-6-6458-5321)

Notice Regarding Partial Sale of Shares Resulting in Change to Specified Subsidiary (DLE, Inc.)At the Board of Directors meeting held on May 29, 2024, the Company performed a review of the positioning ofthe fast entertainment business within the Group and, based upon which, resolved to sell some of the shares ofDLE, Inc. (hereinafter referred to “DLE,” securities code: 3686), a subsidiary that handles the fast entertainment
business. The details on this sale are as follows.
The sale of shares is expected to be 2.0% of the total number of issued shares. As a result of this change, we expectthat DLE will become an equity method affiliate of the Company by March 31, 2025.
1. Reasons for sale of shares
As a comprehensive content business group, the Asahi Broadcasting Group continues to grow while making
revisions, as appropriate, to its business portfolio. Currently, we have two business segments: The mainstay
broadcasting and content business, which accounts for the bulk of our revenue, and the lifestyle business.
In order for the fast entertainment business, which is handled by DLE, to respond to the aggressive changes in thebusiness environment and to continue creating highly profitable IP and grow, a more agile management structure
than what is currently in place is required.
In light of this situation and in consideration of what would be the Group’s optimal business portfolio, we havedecided to concentrate management resources on the broadcasting and content business and the lifestyle business.
And, while the fast entertainment business remains a part of the scope of the content business, we have, upon areview of the capital relationship between the Company and DLE, determined that increasing the independence andfreedom of DLE and allowing its management to respond more nimbly will ultimately maximize the corporate
value of both parties.
With regard to business collaboration within the scope of the content business, we plan to continue our policy of
considering each project on a case-by-case basis. Moving forward, we will maintain a policy of maximum respectwith regard to the management decisions of DLE when it comes to matters of the business environment andbusiness risk, and also fulfil the Company’s role as a responsible investor through engagement.
2.

Overview of the subsidiary (DLE, Inc.) subject to change (As of March 31, 2024)(1)
NameDLE, Inc.
(2)
Location
KDX Kojimachi Bldg., 3-3-4 Kojimachi, Chiyoda-ku, Tokyo
Job title and name of(3)Representative Director and President CEO Naoto Obama
representative
Description of(4)Fast entertainment businessbusiness(5)
Share capital
2,933 million yen(6)Date of establishment December, 2001

Asahi Broadcasting Group Holdings Corporation 51.75%
Ryuta Shiiki 16.09%
Hasbro, Inc. 1.69%
CapitalThe Company holds 51.75% of the issued shares of DLE,
relationship
Inc.
Relationship between
One of the executive officers of the Company also serves
Personnel(8)
the Company and said
as director of DLE, Inc. Further, one employee of therelationshipcompany
Company has been seconded to DLE, Inc.
Business
Nothing of particular note.
relationship
Consolidated operating results and consolidated financial positions of the said company for the last(9)
three years(Millions of yen, unless otherwise noted)
As of / Fiscal year ended
March 31, 2022
March 31, 2023
March 31, 2024
Consolidated net assets
3,161
2,784
2,942
Consolidated total assets
3,576
3,183
3,615
Consolidated net assets per73.82
62.63
66.81
share (Yen)Consolidated net sales
1,640
2,020
1,705
Consolidated operating profit-288-344-589
Consolidated ordinary profit
-287
-336
-590
Profit attributable to owners
-315
-582
-520
of parent
Consolidated earnings per-7.44-13.71-12.25
share (Yen)Dividend per share (Yen)
－－－
(7)

3.

Major shareholders
and ownership ratios

Number of shares to be sold, ownership before and after sale, and method of sale
Number of shares(1)
22,000,000 (Ratio to total number of issued shares: 51.75%)
held before sale
Number of shares to(2)850,000 (Ratio to total number of issued shares: 2.00%)
be sold
Number of shares(3)
21,150,000 (Ratio to total number of issued shares:49.75%)
held after sale
(4)
Method of sale
Sale via the Tokyo Stock Exchange

4. Timetable
Date of resolution at(1)the meeting of theBoard of Directors(2)
Start date of share sale

May 29, 2024
May 30, 2024 (scheduled)

5. Future outlook
Following this sale, we expect that DLE will become an equity method affiliate of the Company by March 31,
2025, and be removed from the consolidated subsidiaries of the Company. As a result, consolidated net sales andconsolidated net assets are expected to decrease.
Please note that the impact of this has already been factored into the consolidated results forecast for the fiscal year
ending March 31, 2025 announced on May 13, 2024.
Extraordinary income (loss) resulting from this sale is expected to be minor; however, we will disclose any relevant
matters upon completion of the sale.