Notice regarding Arrest of the Former President of a Subsidiary Company

With regard to the misconducts by the former president of a subsidiary company of Tokyo Seimitsu Co., Ltd. (dismissed in March 2021) disclosed in February 2021, the said former president was arrested on suspicion of fraud on October 31st, 2022. We have been consulting with the investigative authorities on this case. The investigation is still ongoing, and we will continue to fully cooperate with the investigation.
(For a description of what the Company recognizes, please refer to disclosure " Notice regarding Disclosure of Investigation Report from Special Investigation Committee" dated March 15th, 2021)

We would like to apologize again to our shareholders, business partners, and all other concerned parties for any inconveniences and concerns this case may have caused.