Note: This document has been translated from the Japanese original for reference purposes only. In the eventof any discrepancy between this translated document and the Japanese original, the original shall prevail. TheCompany assumes no responsibility for this translation or for direct, indirect or any other forms of damages arisingfrom the translation.

June 28, 2024
To whom it may concern:
Company name:Name of representative:

Taihei Dengyo Kaisha, Ltd.
Jo Nojiri, Representative Director, President
and Chief Executive Officer(Security Code: 1968; Tokyo Stock ExchangePrime)

Inquiries:

Shinya Kusaka, Director, Executive Officer
and General Affairs Division Manager(Telephone: +81-(0)3-5213-7211 )Notice Concerning Signing of a Share Transfer Agreement to Acquire Shares ofMAINTECH ENGINEERING & SUPPLIES PTE. LTD. (and to Make It a Subsidiary)

Taihei Dengyo Kaisha, Ltd.(the “Company”) hereby announces that on June 28, 2024, it has signed anagreement regarding the transfer of shares for the purpose of acquiring shares of MAINTECH ENGINEERING& SUPPLIES PTE. LTD. and making it one of the Company’s subsidiaries. Please note that as this matter does
not fall under the timely disclosure standards of the Tokyo Stock Exchange, some disclosure items and details
have been omitted.
1.

Reasons for Acquisition of Shares
MAINTECH ENGINEERING & SUPPLIES PTE. LTD. is a company that handles a wide range of renewal
and maintenance work for power, oil, and other plant equipment in Singapore and Malaysia.
We consider that by making the said company one of our Group’s subsidiaries, we will enhance theearning power of the entire Group and that by making the said company a central base for our overseas
business, we will also improve the corporate value of the Group.

2.

Overview of the subsidiary subject to change
(1)

Name

MAINTECH ENGINEERING & SUPPLIES PTE. LTD.

(2)

Location

7 Joo Koon Crescent Singapore 629024(3)

Representative's title and nameManaging Director/ Bong Bee Chong

1

・Electrical engineering services(4)

Description of Business・Repair and maintenance services for electric motors,generators, etc.

(5)

Capital1,700,000 SGD (Singapore dollars)(6)Time of establishment

May 1996(7)

Major shareholder and shareholding
ratio

Weisheng International Pte. Ltd. (100%)
Capital ties

( 8)

Relationshipbetweenthelisted

Personnel
Relationshipcompany and the said company

BusinessRelationship
Business results for the most recent(9)fiscal year
(Fiscal year ending December 2023)

3.

Sales:None.
None.
None.

12,963 thousand SGD

Profit after tax: 591 thousand SGD

Overview of the counterparty of the share transfer agreement
(1)

Name

Weisheng International Pte. Ltd.
There is no capital, personnel, or business relationship(2)

Relationshipbetweenthebetween our company and the said party that shouldlisted

be stated. In addition, there is no capital, personnel, orcompany and the said party

business relationship between our company's affiliates
and the said party that should be stated.

4.

Number of shares to be acquired, acquisition price, and shareholding status before and after theacquisition(1)(Number of voting rights: 0)transfer(2)

Number of shares acquired(3)

Acquisition price(4)

0 shares

Number of shares held before the(Voting rights ownership: 0%)1,700,000 shares (Number of voting rights: 1,700,000)
This

information

isnot

disclosed due

confidentiality agreement with the counterparty.
1,700,000 shares

Number of shares held after the(Number of voting rights: 1,700,000 )transfer(Voting rights ownership: 100 %)2toa5.

Timetable(1)(2)

6.

Share transfer agreement signing

June 28, 2024

date
Share transfer transaction dateJuly 31, 2024 (planned)

Future outlook
The impact of this subsidiary acquisition on our financial results for the fiscal year ending March 31, 2025 is
expected to be minor. However, if it becomes clear that there will be a significant impact on our financial
results in the future, we will promptly disclose such information.
End(Reference) Consolidated earnings forecast for the current fiscal year (announced on May 10, 2024) andconsolidated results for the previous fiscal year
(Unit: million yen)
Net income
OperatingSales

incomeOrdinary Profit

attributable toshareholders ofparent company

Consolidated earnings
forecast for the current
fiscal year

139,000

13,50014,2009,500

129,363

10,04911,512

8,395(Fiscal year ending
March 2025)
Previous consolidatedresults(Fiscal year ending
March 2024)3