February 28, 2020
PRESS RELEASE
Company name: MIRAIT Holdings Corporation
Representative: Masatoshi Suzuki, President and CEO(TSE 1st Section Code No. 1417)
Inquiries: Ryuichi Hara, Director and General Manager of Strategy(Phone: +81-3-6807-3119)

Notice on Acquisition of Shares of YL Integrated Pte Ltd (Making It a Subsidiary)
MIRAIT Holdings Corporation (“the Company”) resolved to acquire 85% of the issued shares of YL
Integrated Pte Ltd (“YL”) through the Company’s consolidated subsidiary Lantrovision (S) Ltd. (head office:Ayer Rajah Crescent Singapore 139939, Managing Director Chan Than Yuan, “Lantrovision”).

1. Goals of the acquisition
The MIRAIT Group is expanding the scope of its business into the ICT solution business and theenvironmental & social innovation business, in addition to expanding globally with the aim of becoming aComprehensive Engineering & Service Company based on technology for creating information andcommunications infrastructure.
Lantrovision, which is at the core of the Group’s global business, has conducted business in 13 countries and28 cities throughout Asia, including Singapore, centered on LAN cabling design, implementation, maintenanceand consulting operations.
By acquiring the shares of YL, which is engaged in electrical construction and electrical facility construction,
to make it a subsidiary, the Group aims to expand the medium- to long-term business domains and revenue in its
global business by establishing a system for communication cabling in data centers, etc. that is Lantrovision’s
principal business, in addition to the provision of services combining electrical and electrical facility
implementation and maintenance.
2. Overview of subsidiary acquiring the shares (Lantrovision (S) Ltd.)(1)NameLantrovision (S) Ltd.
(2)
Address
8 Ayer Rajah Crescent, Singapore 139939
Name and title of(3)Chan Than Yuan, Managing Director
representative
Design, implementation, maintenance, consulting and sale of equipment for(4)Details of businessLAN cabling,(5)
Paid-in capital
SGD 59 million (JPY 4,720 million)
3. Overview of the subsidiary being transferred (YL Integrated Pte Ltd)(1)Name
YL Integrated Pte Ltd(2)
Address
159 Sin Ming Road #04-06 Amtech Building Singapore 575625
Name and title of(3)Loh Voon Sheng, Managing Director
representative
Design, implementation and management of general electrical work and(4)Details of businesselectrical facility work
(5)
Paid-in capital
SGD 1.5 million (JPY 120 million)(6)
Date established
November 1, 2010
Major shareholders
We will refrain from disclosure due to the conclusion of confidentiality(7)
and shareholding ratio agreements with the existing shareholders

There are no notable capital relationships between theCompany and the Acquired Company. Furthermore,
Capitalthere are no noteworthy capital relationships between
relationships
the personnel or affiliates of the Company and thepersonnel or affiliates of the Acquired Company.
There are no notable personal relationships between theRelationships between
Company and the Acquired Company. Furthermore,
Personal(8)the Listed Company andthere are no noteworthy personal relationships between
relationships
the Acquired Company
the personnel or affiliates of the Company and thepersonnel or affiliates of the Acquired Company.
There are no notable business relationships between theCompany and the Acquired Company. Furthermore,
Business
there are no business noteworthy relationships between
relationships
the personnel or affiliates of the Company and thepersonnel or affiliates of the Acquired Company.
(9)Management performance of the Acquired Company over the past three years (Units: JPY million)
Fiscal year
Year ended June 2017
Year ended June 2018Year ended June 2019
Net assets
442406526
Total assets
803
1,092
962
Net sales
1,329
2,222
2,066
Operating income
138
228
283
Net income
124
196
241
Net income per share
82.93 yen
130.51 yen
160.67 yen
4. Overview of the other parties to the acquisition of shares
We will refrain from disclosure because Lantrovision has an obligation of confidentiality to the relevant
shareholders.
5. Number of shares acquired, acquisition price and state of shares held before and after acquisition
0 shares
Number of shares held
(1)
(Number of voting rights: 0)
before change(Ratio: 0%)
Number of shares
1,275,000 shares(2)acquired(Number of voting rights: 1,275,000)
The acquisition price is not public, but it was determined based on share(3)
Acquisition pricevalue calculation report, etc. obtained from a third-party organization toensure fairness and appropriateness.
1,275,000 shares
Number of shares held
(4)
(Number of voting rights: 1,275,000)
after change(Ratio: 85%)
6. Schedule
(1)
(2)
(3)

meeting of the Board ofFebruary 28, 2020Directors
Date of agreement
March 31, 2020 (scheduled)
Effective date
April 1, 2020 (scheduled)

7. Future outlook
The impact of acquisition on the Company’s consolidated results will be minor.
End* The exchange rate used for Singapore dollars and Japanese yen in this document is SGD1:JPY80.