The Board of Directors of BB Net corp. on June 7, 2004 approved a resolution to make Cube Planning Corporation a wholly owned subsidiary through a simple exchange of stock to be conducted on July 26, 2004 . Details are as follows.

The main business of the BB Net corp. is the provision of “Shop Support,” a comprehensive support scheme for small and medium-sized enterprises. For this purpose, the Company has established “Hanjo Nets,” B2B portal sites for individual market sectors whose members receive two categories of services: “Front Services,” which involve the provision of information on management issues and industry trends; and “Back Services,” which meet various needs common to all members through services such as the sale of food materials and ingredients, planning and design of shops, and insurance and lease arrangements.

To further upgrade the “Shop Support” scheme, subsidiary Cube Planning, while it has been conducting shop planning, design and construction management as a part of “Back Services” in “Confectionary & Bakery Shop Support”, will expand its market to newly franchised restaurants in connection with FC (Franchise) development business that another subsidiary Wintegrator Inc. has started. Due to these factors, there is a growing importance to operate these businesses through the entire Group, and the decision was made to make Cube Planning a wholly owned subsidiary in order to facilitate greater sharing of information and speedy decision-making that are expected to produce greater synergies.