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
no responsibility 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

Contact

TAIHEI DENGYO KAISHA, LTD.
Jo Nojiri, Representative Director,
President and Chief Executive Officer(Code number 1968 Tokyo Stock
Exchange Prime Market)
Shinya Kusaka, Director and Managing
Executive Officer/General Manager,
General Affairs Administrative Division(Phone +81-3-5213-7211)

Notice Concerning the Acquisition of Fixed Asset (Land)

The Company hereby announces that the Board of Directors resolved at its meeting held on September 6, 2024 on theacquisition of fixed asset (land) as detailed below.

1. Reason for the Acquisition
The Company resolved on the acquisition of land for the construction of woody biomass power plants, etc. to realize“Green Projects” which is an initiative aimed at realizing a regional circular society to create new industries andemployment by leveraging regional resources, such as agriculture and forestry, with a focus on biomass power plants
and contributing to the resolution of social issues.
2. Details of the Asset to be Acquired(1)

Location

Chikusei City, Ibaraki Prefecture(2)

Land Area

Approximately 4.9 ha(3)Acquisition Price

The acquisition price is not to be disclosed at this moment due to theintention of the counterparty. The acquisition price is less than the amountequivalent to 30% of the Company’s net assets (consolidated and nonconsolidated) at the end of the most recent fiscal year, and will be released
as soon as disclosure becomes possible.

(4)

Financing Plan

The Company plans to allocate the funds procured through the payment andexercise of the second series of stock acquisition rights (hereinafter the“Stock Acquisition Rights”) the Company issued on March 4, 2024.
In the event that funds cannot be procured as expected due to the status of
the exercise of the Stock Acquisition Rights or changes in the share priceduring the exercise period, the Company plans to allocate internal resources.

13. Outline of the Counterparty
The outline of the counterparty will not be disclosed due to the intention of the counterparty. There is no capital,
personal or business relationship to be noted between the Company and the counterparty and the counterparty is not a
related party.
4. Schedule of the Acquisition(1)

Date of resolution of
the Board ofSeptember 6, 2024

Directors(2)

Date of execution of
the agreement(3)

Delivery date of theacquired asset

October 2024 (planned)
September 2027 (planned)

5. Future Prospects
The impact of the acquisition of land on the financial results for the year ending on March 31, 2025 is expected to benegligible. In the event that a significant impact on the financial results is identified in the future, this will be disclosed
promptly.

(Note) Forecast of consolidated results for the fiscal year under review (released on May 10, 2024) and consolidated results
for the previous corresponding period.
(Unit: ¥1 million)
Consolidated

Consolidated

Consolidated

Profit attributable tonet sales

operating profit

ordinary profit

owners of parent

Forecast of consolidated
results for the fiscal year
under review

139,000

13,50014,2009,500

129,363

10,04911,512

8,395(Fiscal year ending
March 31, 2025)
Consolidated results forthe previous
corresponding period(Fiscal year ended
March 31, 2024)2