[Translation]
August 26, 2024
Japan Investment Corporation
JIC Capital, Ltd.

Announcement Regarding Progress, etc. of the Tender Offer for the Shares of SHINKO
ELECTRIC INDUSTRIES CO., LTD. (Securities Code: 6967) by JICC-04, Ltd.
This is to announce that the press release titled “Announcement Regarding Progress, etc. of theTender Offer for the Shares of SHINKO ELECTRIC INDUSTRIES CO., LTD. (SecuritiesCode: 6967) by JICC-04, Ltd.” (attached hereto) was published today by JICC-04, Ltd., which
is a wholly-owned subsidiary of JIC Capital, Ltd. (Head Office: Minato-ku, Tokyo; President
and CEO: Shogo Ikeuchi).
End(Attachment)“Announcement Regarding Progress, etc. of the Tender Offer for the Shares of SHINKO
ELECTRIC INDUSTRIES CO., LTD. (Securities Code: 6967) by JICC-04, Ltd.” as of August26, 2024.
Press contacts:
Japan Investment Corporation/JIC Capital, Ltd.
Communications Group:
Okumura (070-3960-3640), Mikado (080-8098-0445)
Tokyo Toranomon Global Square, 1-3-1, Toranomon, Minato-ku, TokyoJapan Investment Corporation HP: https://www.j-ic.co.jp/en/
JIC Capital, Ltd. HP: https://www.jiccapital.co.jp/en/

1Attachment
August 26, 2024Company Name
Representative

JICC-04, Ltd.
Osamu Itabashi, Representative Director

Announcement Regarding Progress, etc. of the Tender Offer for the Shares of SHINKO
ELECTRIC INDUSTRIES CO., LTD. (Securities Code: 6967) by JICC-04, Ltd.
JICC-04, Ltd. (the “Offeror”) announced in its press release titled “Announcement Regarding
Planned Commencement of Tender Offer for SHINKO ELECTRIC INDUSTRIES CO., LTD.
(Securities Code: 6967)” dated December 12, 2023 that it plans to commence a tender offer (the“Tender Offer”) for the common shares of SHINKO ELECTRIC INDUSTRIES CO., LTD. (the“Target Company”) on the condition that certain conditions precedent are satisfied, including
the completion of all necessary procedures and steps under domestic and foreign competition
laws and foreign investment control laws and regulations, and that the Offeror aims tocommence the Tender Offer in late August, 2024.
The Offeror is in the process of conducting the necessary procedures and steps described above
for the purpose of implementing the Tender Offer. However, as of today, from among theprocedures and steps necessary under the competition laws of Japan, South Korea, Vietnam,and China, the procedures and steps necessary under the competition laws of Vietnam and China
have not been completed. The Offeror expects to complete these necessary procedures and steps
under the relevant competition laws and to commence the Tender Offer in or after late January2025, and the Offeror will continue to strive for a prompt completion of such procedures andsteps. The Offeror will make an announcement promptly once the detailed schedule of theTender Offer has been determined, and if the Tender Offer is not expected to commence by lateFebruary 2025, the Offeror will make another announcement on the progress and the expected
timing of commencement of the Tender Offer.
In addition, the Offeror plans to appoint Mizuho Securities Co., Ltd. as the tender offer agent
for the Tender Offer, and Mizuho Securities Co., Ltd. plans to appoint Rakuten Securities, Inc.
as the subagent.
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Restrictions on Solicitation
This press release has been prepared for the purpose of informing the public of the Tender Offerand has not been prepared for the purpose of soliciting an offer to sell, or making an offer topurchase, any securities. If shareholders wish to make an offer to sell their shares in the Tender
Offer, they should first read the Tender Offer Explanation Statement for the Tender Offer andoffer their shares for sale at their own discretion. This press release neither constitutes, norconstitutes a part of, an offer to sell or purchase, or a solicitation of an offer to sell or purchase,
any securities; neither this press release (or a part thereof) nor its distribution may be interpreted
to be the basis of any agreement in relation to the Tender Offer; and this press release may not
be relied on at the time of entering into any such agreement.
U.S. Regulations
The common shares of the Target Company, which is a company incorporated in Japan, aresubject to the Tender Offer. The Tender Offer will be conducted in accordance with theprocedures and information disclosure standards prescribed in the laws of Japan, which may
differ from the procedures and information disclosure standards in the U.S. In particular,Section 13(e) and Section 14(d) of the U.S. Securities Exchange Act of 1934 (as amended;hereinafter the same) and the rules prescribed thereunder do not apply to the Tender Offer, andthe Tender Offer does not conform to those procedures and standards. Financial information
contained in this press release has been prepared in accordance with Japanese accountingstandards, which may be materially different from the generally accepted accounting standards
in the U.S. or other countries. In addition, as the Offeror is a legal entity established outside theU.S. and all or some of its officers are non-U.S. residents, it may become difficult to exercise
rights or requests which would be claimed under U.S. securities laws. Furthermore, it may not
be possible to commence legal proceedings against the legal entity established outside the U.S.
and its officers in a non-U.S. court for violations of U.S. securities laws. Furthermore, U.S.
courts may not necessarily have jurisdiction over legal entities and their respective subsidiaries
and affiliates outside the U.S.
Unless otherwise specified, all procedures relating to the Tender Offer are to be conductedentirely in the Japanese language. If all or any part of a document relating to the Tender Offer
is prepared in the English language and there is any inconsistency between the Englishlanguage documentation and the Japanese-language documentation, the Japanese-language
documentation will prevail.
This press release includes statements that fall under a “forward-looking statement” defined inSection 27A of the U.S. Securities Act of 1933 (as amended) and Section 21E of the U.S.
Securities Exchange Act of 1934. Due to the known and unknown risks and uncertainties, theactual results might differ significantly from the statements that are implicitly or explicitly
forward-looking. The Offeror and its affiliates do not guarantee that the events portrayed insuch implicit and explicit forward-looking statements will materialize. The “forward-lookingstatements” in this press release were prepared based on the information obtained by the Offeror
as of the date hereof, and unless required by law, the Offeror and its affiliates are not obligatedto amend or revise such forward-looking statements to reflect future matters and situations.
The financial advisors to the Offeror and the Target Company as well as the tender offer agent(including their respective affiliates) may, within their ordinary course of business, engage
during the tender offer period in the purchase of, or an arrangement to purchase, Target
Company Shares for their own account or for their customers’ accounts outside the Tender Offer3

in accordance with Rule 14e-5(b) of the U.S. Securities Exchange Act of 1934, to the extent
permitted under Japanese securities regulations and other applicable laws and regulations. Suchpurchases, etc. may be made at the market price through market transactions or at a pricedetermined by negotiation outside of the market. In the event that information regarding such
purchases, etc. is disclosed in Japan, such information will also be disclosed in a similar mannerin the U.S.

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