Dear All,

16 November, 2021

Corporate Name：Nishimoto Co., Ltd.
Representative ：Yoshiro Susaki Chairperson & President CEO(Code No.：9260 First section of Tokyo Stock Exchange)
Contact：Director CFO Yuji Sasa (TEL. 03-6870-2015)

Notice regarding the Acquisition of Ban Choon Marketing Pte. Ltd.
by our consolidated subsidiary
Nishimoto Co., Ltd.( hereinafter “Holding Company”, and including our consolidated
subsidiaries , hereinafter “Wismettac Group”) today announced that it has reached an agreement
to acquire all the shares of Ban Choon Marketing Pte. Ltd. (Head Office: Singapore, hereinafter“BCM”) through our subsidiary, NTC Wismettac Singapore Pte. Ltd. (hereafter “WismettacSingapore”) from its shareholders (hereinafter “Acquisition” or “Transaction”).
1.

Objective and Significance of the Transaction
BCM is one of the leading companies in Singapore, who imports and distributes fresh
produces (vegetables and fruits) to a wide range of supermarkets (including NTUC Fairprice
Co-Operative Limited), grocery stores, e-commerce retailers and food service operators (e.g.
hotel, restaurant, catering etc.).
Wismettac Group has established and developed a wide range of customer bases from offline and online retailers to food services, and has built solid supply chain network of avariety of agricultural and seafoods and Japanese and other Asian processed foods in Japan,North America, Europe, China and Southeast Asia.
As our main business hub in Southeast Asia, Wismettac Singapore currently operates
import and wholesale business of Japanese foods mainly in Singapore to capture increasing
consumers’ demand for quality food in the region. With its acquisition of BCM, we aim toshare with BCM our global sourcing and supply chain of agricultural products and Japaneseprocessed foods, and strengthen our distribution capabilities across Southeast Asia throughfurther diversification of our product portfolio and rapid expansion of our customer bases.

2.

Overview of our consolidated subsidiary acquiring the shares
Wismettac Singapore(As of 16 November, 2021)(1) Corporate Name

NTC Wismettac Singapore Pte. Ltd.

(2) Headquarters

6 Tuas Bay Walk 01–00, Singapore 637752(3) Representative

Managing Director Seiichiro Isoda(4) Business

Wholesale of Asian foods and ingredients including but notDescription

limited to Japanese foods(5) Capital Stock
S$1,000 thousandth*1 JP¥/S$=84.32 (as of 15 November, 2021)

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3.

Overview of the shareholders of BCM(1) Shareholders
Tan Chin Hian, Tan Li Xin, Michelle, Tan Yan Jun, Milene(2) Relationship withNone (in all terms of capital, personnel, transactional
Wismettac Grouprelationship)

4.

Change in shares held by Wismettac Group as a result of the Acquisition(1) Before theNone (Percentage：0%)
Acquisition(2) Number of shares to
500,000 sharesbe acquired(3) Transaction PriceShares of BCM
S$24,500 thousand
Advisory fee etc. (approx.)
S$350thousand
Total（approx.）
S$24,850thousand(4) After the Acquisition
500,000 shares (Percentage：100%)

5.

Overview of BCM(1) Corporate Name
(2) Headquarters(3) Representative(4) Business Description(5) Capital Stock(6) Established(7) No. of Employees(8) Majority
Shareholders andRatio(9) Relationship with
Wismettac GroupBan Choon Marketing Pte. Ltd.
30 Quality Road, Singapore 618803
Managing Director Tan Chin Hian
Import and wholesale of fresh produce (vegetables andfruits) and grocery products
S$500 thousand
August, 1983
141
Tan Chin Hian 91%

None with Holding Company (in terms of capital,personnel, transactional relationship).
However, one of our consolidated subsidiaries, Wismettac
Foods, Inc. sells agricultural products to BCM.
(10) Financial Results for the Past Three Years (Unit：S$ thousand）
Fiscal Year
Dec-2018
Dec-2019
Dec-2020
Net Assets
3,451
4,623
6,479
Total Assets
16,82520,55525,073
Sales
54,69461,43675,680
Profit before Taxes
1,534
1,517
2,985
Net Profit
1,349
1,171
2,356
※ it reports financial statements in accordance with Singapore Accounting Standardswhere operating profit and ordinary profit are not obliged to be disclosed specifically.
6.

Schedule (Current plan)
Closing：7 January, 2022

7.

Prospects for the future
Detailed effects of this Transaction on our consolidated financial results will be reviewed
and disclosed in a timely manner after closing if necessary.
End.
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