Press Release

Update on disclosed matter;
Notice regarding the Expansion of Business Development in the Philippines
April 4, 2022
Listed exchanges: Prime Market

Listed company name: Earth Corporation

Code: 4985

URL

: https://corp.earth.jp/en/index.html

Representative Director: Katsunori Kawabata, President & Representative Director

Contact: Tsuyoshi Mitsuzuka ,Senior Executive Officer
Director General
Group Management Headquarters

Tel: +81-3-5207-7458

Earth Corporation (the "Company" ) announces that it has acquired the following shares in connection
with the matters disclosed in the " Notice regarding the Expansion of Business Development in thePhilippines " dated September 7, 2021.
1.

Reason for Share Acquisition

In its mid-term management plan "Act For SMILE - COMPASS 2023 -," the Earth Corporation grouphas set expansion of its Asian earnings base as one of its most important strategies, and isexpanding its business in the Southeast Asian region. In particular, we believe that the Philippines
is a market that can be expected to grow in the future, as its population is expected to increase, its
economy is expected to grow at a high rate, and demand for insect care products is expected toincrease year by year.
Therefore, as disclosed on September 7, 2021, Earth Homecare Products (Philippines), Inc.
（"EHPI"） was established to accelerate business development in the Philippines by taking overthe sales business of insect care products, household products, pet care products, etc. of Neumann& Mueller Philippines, Inc. ("NMPI") to acquire 66.7% of the shares of EHPI, and the shareacquisition has been completed in accordance with the share transfer agreement andaccompanying agreements that were executed.
The sales business taken over from NMPI has been performing well in the Corona Disaster. Goingforward, the Company aims to increase earnings by introducing daily necessities and otherproducts in the Philippines, with a focus on insect care products.

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2.

Outline of the new company

1.
2.

Company name:Location:

3.

Name and title ofrepresentative
Business description

4.
5.
6.
7.
8.

3.

CapitalEstablished:
Major shareholders
and their shareholdings
Relationships with
Earth Corporation

Earth Homecare Products (Philippines), Inc.
Unit 2105 Atlanta Centre, 31 Annapolis St., Greenhills,
San Juan City, Metro Manila, Philippines
Hiroyuki Takagi, Managing Director
Sale of insecticides and repellents, household products, pet careproducts, etc.
PHP161.5mn
October 7, 2021
•Earth Corporation 66.7%•Plus six other shareholders
CapitalThe Company owns 66.7%.
relationships
Personal
Of the directors of the company, one is seconded
relationships by an employee of the Company and one isseconded by an employee of the Company.
Business
Earth Corporation outsources product sales in therelationships Philippines to EHPI.

Outline of the counterparty of the share acquisition
The counterparties of the share acquisition are all individuals (6 persons), and due to confidentiality
agreements, we refrain from disclosing their names. There are no capital, personal, or business
relationships between the Company and the counterparties that are required to be disclosed.

4.

Number of shares acquired, acquisition price and status of shares held before and after acquisition

1. Number of shares held
before the change

0 share(Number of voting rights: 0)(Percentage of voting rights held: 0%)

2. Number of shares acquired

1,077,205 shares(Number of voting rights: 1,077,205)

3. Acquisition Price

Not to be disclosed by agreement between the parties.

4. Number of shares held

1,077,205 shares

after the change(Number of voting rights: 1,077,205)(Percentage of voting rights held: 66.7%)

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5.

Schedule

1. Date of agreement

September 7, 2021

2. Date of establishment ofOctober 7, 2021

new company
3. Date of share acquisition
6.

April 1, 2022

Future Outlook

This matter will have negligible impact on the consolidated financial results of the Earth Corporationgroup in the fiscal year ending December 2022.
Note: The above forecast of financial results is based on certain information available to the Company atthe time of announcement, and actual operating results may differ from the forecast due to variousfactors.

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