Note: This document has been translated from the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes noresponsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

September 6, 2024
To whom it may concern
Company name
Representative

TAIHEI DENGYO KAISHA, LTD.
Jo Nojiri, Representative Director,
President and Chief Executive Officer(Code number 1968 Tokyo Stock
Exchange Prime Market)

Contact

Shinya Kusaka, Director and Managing
Executive Officer/General Manager,
General Affairs Administrative Division(Phone +81-3-5213-7211)

Notice Concerning the Expiration of the Initial Suspension Designation ofthe Second Series of Stock Acquisition Rights
Regarding the second series of stock acquisition rights (the “Stock Acquisition Rights”) issued by the Company on March4, 2024, as stated in the “Notice Concerning the Acquisition of Fixed Asset (Land)” separately released today, the Company
disclosed matters relating to the acquisition of land for construction of woody biomass power plants or the execution of leaseagreements for land for construction (hereinafter referred to as the “Implementation Matters”) via TDnet, and made capital
investments in green projects, which is a use of the funds to be procured through the payment and exercise of the Stock
Acquisition Rights. Also, regarding capital investment in green projects, which is the use of the funds to be procured throughthe payment and exercise of the Stock Acquisition Rights, and the environmental and social impact created by such capital
investment, based on the determination of the construction site in question, the Company obtained a Sustainability Impact
Review from Japan Research Institute, Limited to the effect that the Company complies with the characteristics indicated in
the “Green Bond Principles 2023,” the “Social Bond Principles 2023,” and the “Sustainability Bond Guidelines 2021” (suchobtaining is hereinafter referred to as “Obtaining the External Evaluation”). The Company hereby announces that based on
the purchase agreement entered into with Nomura Securities Co., Ltd., the allottee of the Stock Acquisition Rights (the“Purchase Agreement”), the suspension designation, which designates the entire period during which the Stock AcquisitionRights are exercisable as the period of the suspension designation (referred to as the “Initial Suspension Designation”), has
expired as stated below.
In addition, based on the Purchase Agreement, the period of 20 trading days commencing on the trading day (includingthe same day) following the disclosure date of the Implementation Matters or the obtaining date of the External Evaluation,
whichever is later, may not be designated as the period of the suspension designation.

(1)

Name of the Stock Acquisition

TAIHEI DENGYO KAISHA, LTD., the second series StockRights

Acquisition Rights

(2)Expiration Date of Initial
Suspension Designation

September 6, 2024

For further details on the Stock Acquisition Rights, please refer to the “Notice Concerning Issuance of the First and theSecond Series of Stock Acquisition Rights with Exercise Price Revision Clauses (Moving Strike Warrants) (with the Exercise
Designation and Suspension Designation Clauses), by Third-party Allotment” dated February 9, 2024.